Empire (EMP.A) Price Target Increased to C$26.00 by Analysts at Royal Bank of Canada
Empire (TSE:EMP.A) had its target price lifted by Royal Bank of Canada from C$25.00 to C$26.00 in a report published on Thursday morning. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other analysts also recently weighed in on EMP.A. Raymond James Financial boosted their target price on Empire from C$24.00 to C$26.00 and gave the stock a market perform rating in a research report on Thursday. National Bank Financial boosted their target price on Empire from C$28.00 to C$29.00 in a research report on Thursday. CIBC downgraded Empire from an outperform rating to a neutral rating in a research report on Thursday. BMO Capital Markets boosted their target price on Empire from C$28.00 to C$30.00 and gave the stock an outperform rating in a research report on Thursday. Finally, Scotiabank boosted their target price on Empire from C$25.50 to C$27.50 and gave the stock an outperform rating in a research report on Friday, September 15th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$26.90.
Shares of Empire (EMP.A) traded up C$0.18 on Thursday, hitting C$24.01. The stock had a trading volume of 1,000,000 shares, compared to its average volume of 422,359. Empire has a 12-month low of C$14.74 and a 12-month high of C$26.34.
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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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