Empire Company Limited’s (EMP.A) “Neutral” Rating Reaffirmed at Dundee Securities
Empire Company Limited (TSE:EMP.A)‘s stock had its “neutral” rating reiterated by research analysts at Dundee Securities in a research report issued on Thursday. They currently have a C$20.00 target price on the stock.
EMP.A has been the topic of a number of other reports. Scotiabank restated a “sector perform” rating and issued a C$23.50 target price on shares of Empire Company Limited in a report on Tuesday, June 21st. Raymond James Financial Inc. reduced their target price on shares of Empire Company Limited from C$26.00 to C$24.00 and set a “market perform” rating on the stock in a report on Wednesday, June 22nd. TD Securities restated a “hold” rating and issued a C$22.00 target price on shares of Empire Company Limited in a report on Thursday, June 23rd. Barclays PLC lowered shares of Empire Company Limited from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from C$24.00 to C$19.00 in a report on Thursday, June 30th. Finally, BMO Capital Markets reduced their target price on shares of Empire Company Limited from C$24.00 to C$22.00 in a report on Thursday, June 30th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$20.40.
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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