Empire Company Limited (TSE:EMP.A) had its target price reduced by research analysts at Scotiabank from C$23.00 to C$21.00 in a report issued on Monday. The firm presently has a “sector perform” rating on the stock.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a C$21.00 target price on shares of Empire Company Limited in a research note on Friday, September 16th. Barclays PLC dropped their price objective on Empire Company Limited from C$19.00 to C$18.00 and set an “underweight” rating on the stock in a research note on Friday, September 16th. Raymond James Financial Inc. dropped their price objective on Empire Company Limited from C$21.00 to C$20.00 in a research note on Friday, September 16th. TD Securities downgraded Empire Company Limited from a “hold” rating to a “reduce” rating and dropped their price objective for the company from C$20.00 to C$18.00 in a research note on Friday, September 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$22.00 price objective on shares of Empire Company Limited in a research note on Friday, September 16th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$20.44.

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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