Empire Company Limited (EMP.A) Given “Market Perform” Rating at Raymond James Financial, Inc.

Raymond James Financial, Inc. reissued their market perform rating on shares of Empire Company Limited (TSE:EMP.A) in a report released on Wednesday morning. They currently have a C$18.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Scotiabank reiterated a sector perform rating and set a C$21.00 target price on shares of Empire Company Limited in a research report on Friday, December 2nd. TD Securities lowered their target price on Empire Company Limited from C$18.00 to C$14.00 and set a reduce rating for the company in a research report on Friday, December 16th. BMO Capital Markets lowered their target price on Empire Company Limited from C$20.00 to C$16.00 in a research report on Friday, December 16th. Royal Bank of Canada reiterated an underperform rating and set a C$16.00 target price on shares of Empire Company Limited in a research report on Tuesday, February 28th. Finally, Barclays PLC lowered their target price on Empire Company Limited from C$18.00 to C$15.00 and set an underweight rating for the company in a research report on Friday, December 16th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of C$18.22.

Analyst Recommendations for Empire Company Limited (TSE:EMP.A)

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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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