Empire Company Limited (TSE:EMP.A) has been given an average recommendation of “Buy” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$25.35.

Several equities analysts recently commented on EMP.A shares. Eight Capital raised shares of Empire from a “neutral” rating to a “buy” rating and increased their target price for the company from C$21.00 to C$30.00 in a report on Friday, September 15th. Royal Bank Of Canada raised shares of Empire from an “underperform” rating to a “sector perform” rating and increased their target price for the company from C$21.00 to C$23.00 in a report on Friday, September 15th. National Bank Financial increased their target price on shares of Empire from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Scotiabank increased their target price on shares of Empire from C$25.50 to C$27.50 and gave the company an “outperform” rating in a report on Friday, September 15th. Finally, Barclays increased their target price on shares of Empire from C$27.00 to C$28.00 in a report on Friday, September 15th.

Empire (TSE EMP.A) opened at C$25.75 on Thursday. Empire has a 12 month low of C$14.74 and a 12 month high of C$25.95.

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Empire 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 (TSE:EMP.A)

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