Raymond James Financial, Inc. Increases Empire Company Limited (EMP.A) Price Target to C$24.00
Empire Company Limited (TSE:EMP.A) had its target price increased by stock analysts at Raymond James Financial, Inc. from C$22.00 to C$24.00 in a report released on Friday. The brokerage presently has a “market perform” rating on the stock.
A number of other analysts have also recently commented on the stock. BMO Capital Markets upgraded shares of Empire Company Limited from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$19.00 to C$25.00 in a research note on Friday, June 30th. Scotiabank lifted their target price on shares of 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. National Bank Financial lifted their target price on shares of 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. CIBC lifted their target price on shares of Empire Company Limited from C$18.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, June 29th. Finally, Eight Capital lifted their target price on shares of Empire Company Limited from C$19.00 to C$20.00 in a research note on Thursday, June 22nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Empire Company Limited currently has a consensus rating of “Buy” and an average price target of C$25.35.
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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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