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Shares of Empire Company Limited (TSE:EMP.A) have earned an average recommendation of “Buy” from the nine brokerages that are covering the stock, American Banking and Market News reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$68.36.

A number of analysts have recently weighed in on EMP.A shares. Analysts at National Bank Financial cut their price target on shares of Empire Company Limited from C$75.00 to C$73.00 in a research note on Wednesday. Separately, analysts at CSFB cut their price target on shares of Empire Company Limited from C$87.00 to C$80.00 in a research note on Tuesday, March 18th. They now have an “outperform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Empire Company Limited from C$83.00 to C$80.00 in a research note on Friday, March 14th.

Empire Company Limited is engaged in food retailing and related real estate business. The Company operates in two segments: Food Retailing and Investments and Other Operations.

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