Empire Company Limited (TSE:EMP.A) had its price objective raised by Raymond James Financial, Inc. from C$22.00 to C$24.00 in a research note released on Friday morning. Raymond James Financial, Inc. currently has a market perform rating on the stock.
Several other research firms also recently issued reports on EMP.A. Royal Bank Of Canada raised Empire Company Limited from an underperform rating to a sector perform rating and upped their price objective for the stock from C$21.00 to C$23.00 in a report on Friday. TD Securities increased their price target on Empire Company Limited from C$20.00 to C$25.00 and gave the company a hold rating in a research note on Friday. Eight Capital upped their price objective on shares of Empire Company Limited from C$19.00 to C$20.00 in a research report on Thursday, June 22nd. CIBC upped their price objective on shares of Empire Company Limited from C$18.00 to C$22.00 and gave the company a market perform rating in a research report on Thursday, June 29th. Finally, National Bank Financial upped their price objective on shares of Empire Company Limited from C$22.00 to C$24.00 and gave the company an outperform rating in a research report on Thursday, June 29th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$25.35.
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Empire Company Limited Company Profile
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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