TD Securities Boosts Empire Company Limited (EMP.A) Price Target to C$25.00
Empire Company Limited (TSE:EMP.A) had its target price raised by research analysts at TD Securities from C$20.00 to C$25.00 in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock.
A number of other equities research analysts also recently commented on the company. Royal Bank Of Canada raised Empire Company Limited from an “underperform” rating to a “sector perform” rating and raised their target price for the company from C$21.00 to C$23.00 in a report on Friday. BMO Capital Markets raised Empire Company Limited from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$19.00 to C$25.00 in a report on Friday, June 30th. Scotiabank lifted 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. CIBC lifted their price target on 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, National Bank Financial lifted 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. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price 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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