Empire Company Limited (TSE:EMP.A) Receives Consensus Recommendation of “Hold” from Brokerages
Empire Company Limited (TSE:EMP.A) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$21.95.
EMP.A has been the topic of a number of recent analyst reports. National Bank Financial increased their price target on Empire Company Limited from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, June 29th. Scotiabank increased their price target on Empire Company Limited from C$24.50 to C$25.50 and gave the stock an “outperform” rating in a research note on Thursday, June 29th. TD Securities increased their price target on Empire Company Limited from C$17.00 to C$22.00 and gave the stock a “hold” rating in a research note on Friday, May 5th. Eight Capital increased their price target on Empire Company Limited from C$19.00 to C$20.00 in a research note on Thursday, June 22nd. Finally, BMO Capital Markets raised Empire Company Limited from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$19.00 to C$25.00 in a research note on Friday, June 30th.
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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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