Empire Company Limited (TSE:EMP.A) has been given a consensus rating of “Hold” by the ten analysts that are covering the company. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$20.40.
Several analysts have recently weighed in on the company. Dundee Securities reissued a “neutral” rating and issued a C$20.00 target price on shares of Empire Company Limited in a report on Thursday, September 22nd. Scotiabank dropped their price target on Empire Company Limited from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Monday, September 19th. BMO Capital Markets restated a “market perform” rating and issued a C$21.00 price target on shares of Empire Company Limited in a research report on Friday, September 16th. Barclays PLC dropped their price target on Empire Company Limited from C$19.00 to C$18.00 and set an “underweight” rating on the stock in a research report on Friday, September 16th. Finally, Raymond James Financial Inc. dropped their price target on Empire Company Limited from C$21.00 to C$20.00 in a research report on Friday, September 16th.
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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