Empire Company Limited (EMP.A) Stock Rating Reaffirmed by BMO Capital Markets
Empire Company Limited (TSE:EMP.A)‘s stock had its “market perform” rating restated by stock analysts at BMO Capital Markets in a report issued on Friday. They presently have a C$21.00 price target on the stock.
EMP.A has been the subject of a number of other research reports. Scotiabank reiterated a “sector perform” rating and set a C$23.50 price objective on shares of Empire Company Limited in a research note on Wednesday, June 29th. TD Securities lowered Empire Company Limited from a “hold” rating to a “reduce” rating and reduced their price objective for the company from C$20.00 to C$18.00 in a research note on Friday. Barclays PLC cut their price target on Empire Company Limited from C$19.00 to C$18.00 and set an “underweight” rating for the company in a research note on Friday. Royal Bank Of Canada restated a “sector perform” rating and issued a C$22.00 price target on shares of Empire Company Limited in a research note on Friday. Finally, CIBC cut their price target on Empire Company Limited from C$25.00 to C$20.00 in a research note on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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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