Empire Company Limited (TSE:EMP.A) had its target price decreased by research analysts at Raymond James Financial Inc. from C$21.00 to C$20.00 in a research note issued on Friday.

A number of other research analysts also recently issued reports on the stock. TD Securities downgraded shares of Empire Company Limited from a “hold” rating to a “reduce” rating and reduced their price target for the stock from C$20.00 to C$18.00 in a research report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$22.00 price objective on shares of Empire Company Limited in a report on Friday. Scotiabank reaffirmed a “sector perform” rating and issued a C$23.00 price objective on shares of Empire Company Limited in a report on Tuesday, September 13th. National Bank Financial dropped their price objective on shares of Empire Company Limited from C$25.00 to C$23.00 in a report on Thursday, June 30th. Finally, CIBC dropped their price objective on shares of Empire Company Limited from C$25.00 to C$20.00 in a report 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 stock. Empire Company Limited has a consensus rating of “Hold” and a consensus target price of C$20.44.

Analyst Recommendations for Empire Company Limited (TSE:EMP.A)

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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