Royal Bank Of Canada Boosts Empire (EMP.A) Price Target to C$25.00
Empire (TSE:EMP.A) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$23.00 to C$25.00 in a research report issued on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 2.69% from the company’s previous close.
A number of other research analysts have also commented on the stock. Barclays upped their price objective on shares of Empire from C$27.00 to C$28.00 in a research report on Friday, September 15th. Raymond James Financial upped their price objective on shares of Empire from C$22.00 to C$24.00 and gave the company a “market perform” rating in a research report on Friday, September 15th. National Bank Financial upped their price objective on shares of Empire from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Eight Capital raised shares of Empire from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$21.00 to C$30.00 in a research report on Friday, September 15th. Finally, Scotiabank upped their price objective on shares of Empire from C$25.50 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 15th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$25.55.
Empire (TSE EMP.A) traded down C$0.06 during mid-day trading on Thursday, reaching C$25.69. 126,578 shares of the company’s stock were exchanged, compared to its average volume of 376,344. Empire has a one year low of C$14.74 and a one year high of C$25.95.
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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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