Empire Company Limited (TSE:EMP.A) has been given a consensus recommendation of “Hold” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$21.95.

A number of research analysts have commented on the stock. BMO Capital Markets raised shares of Empire Company Limited from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$19.00 to C$25.00 in a research report on Friday, June 30th. Scotiabank upped their target price on shares of Empire Company Limited from C$24.50 to C$25.50 and gave the company an “outperform” rating in a research report on Thursday, June 29th. Eight Capital upped their target price on shares of Empire Company Limited from C$19.00 to C$20.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada upped their target price on shares of Empire Company Limited from C$17.00 to C$18.00 and gave the company an “underperform” rating in a research report on Friday, May 5th. Finally, CIBC upped their target price on shares of Empire Company Limited from C$18.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday, June 29th.

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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.

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

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