Empire Company Limited (EMP.A) Price Target Lowered to C$18.00 at Barclays PLC
Empire Company Limited (TSE:EMP.A) had its target price trimmed by Barclays PLC from C$19.00 to C$18.00 in a research note published on Friday morning. The firm currently has an underweight rating on the stock.
Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada restated a sector perform rating and set a C$22.00 target price on shares of Empire Company Limited in a report on Friday. Raymond James Financial Inc. dropped their price target on shares of Empire Company Limited from C$21.00 to C$20.00 in a research note on Friday. TD Securities cut shares of Empire Company Limited from a hold rating to a reduce rating and dropped their price target for the stock from C$20.00 to C$18.00 in a research note on Friday. Scotiabank reiterated a sector perform rating and issued a C$23.50 price target on shares of Empire Company Limited in a research note on Wednesday, June 29th. Finally, BMO Capital Markets dropped their price target on shares of Empire Company Limited from C$24.00 to C$22.00 in a research note on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of C$20.67.
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.
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