Empire Company Limited (TSE:EMP.A) had its target price hoisted by equities research analysts at Scotiabank from C$25.50 to C$27.50 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the stock.

EMP.A has been the topic of a number of other research reports. TD Securities boosted their price objective on shares of Empire Company Limited from C$20.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday. Raymond James Financial, Inc. boosted their price objective on shares of Empire Company Limited from C$22.00 to C$24.00 and gave the company a “market perform” rating in a research report on Friday. CIBC boosted their price objective on shares of Empire Company Limited from C$20.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday. Barclays PLC boosted their price objective on shares of Empire Company Limited from C$27.00 to C$28.00 in a research report on Friday. Finally, National Bank Financial boosted their price objective on shares of Empire Company Limited from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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.

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

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