BMO Capital Markets upgraded shares of Empire Company Limited (TSE:EMP.A) from a market perform rating to an outperform rating in a research note released on Friday, June 30th. BMO Capital Markets currently has C$25.00 price objective on the stock, up from their prior price objective of C$19.00.
Other equities analysts have also recently issued reports about the company. National Bank Financial increased their price target on Empire Company Limited from C$18.00 to C$22.00 in a report on Friday, May 5th. Eight Capital increased their price target on Empire Company Limited from C$19.00 to C$20.00 in a report on Thursday, June 22nd. Barclays PLC raised Empire Company Limited from an underweight rating to an equal weight rating and increased their price target for the company from C$15.00 to C$18.00 in a report on Friday, March 17th. TD Securities increased their price target on Empire Company Limited from C$17.00 to C$22.00 and gave the company a hold rating in a report on Friday, May 5th. Finally, Raymond James Financial, Inc. reissued a market perform rating and set a C$18.00 price target on shares of Empire Company Limited in a report on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Empire Company Limited currently has a consensus rating of Hold and an average target price of C$21.95.
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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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