Empire Company Limited (EMP.A) Price Target Raised to C$27.00 at CIBC
Empire Company Limited (TSE:EMP.A) had its price objective increased by research analysts at CIBC from C$20.00 to C$27.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock.
Several other equities research analysts also recently weighed in on the company. Eight Capital raised Empire Company Limited from a “neutral” rating to a “buy” rating and increased their price target for the stock from C$21.00 to C$30.00 in a report on Friday. National Bank Financial increased their price target on Empire Company Limited from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial, Inc. increased their price target on Empire Company Limited from C$22.00 to C$24.00 and gave the stock a “market perform” rating in a report on Friday. TD Securities increased their price target on Empire Company Limited from C$20.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday. Finally, Royal Bank Of Canada raised Empire Company Limited from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from C$21.00 to C$23.00 in a report on Friday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$25.35.
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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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