Empire Company Limited (EMP.A) PT Raised to C$27.00 at National Bank Financial

Empire Company Limited (TSE:EMP.A) had its price objective boosted by National Bank Financial from C$24.00 to C$27.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock.

Several other research analysts have also commented on the stock. BMO Capital Markets raised shares of Empire Company Limited from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$19.00 to C$25.00 in a research note on Friday, June 30th. Scotiabank lifted their price objective on shares of Empire Company Limited from C$24.50 to C$25.50 and gave the stock an “outperform” rating in a research note on Thursday, June 29th. Raymond James Financial, Inc. lifted their price objective on shares of Empire Company Limited from C$16.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Thursday, June 29th. CIBC lifted their price objective on shares of Empire Company Limited from C$18.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, June 29th. Finally, Eight Capital lifted their price objective on shares of Empire Company Limited from C$19.00 to C$20.00 in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$25.35.

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About Empire Company Limited

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.

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