Scotiabank Boosts Empire Company Limited (EMP.A) Price Target to C$19.00
Empire Company Limited (TSE:EMP.A) had its target price increased by Scotiabank from C$17.00 to C$19.00 in a report published on Thursday morning. They currently have a sector perform rating on the stock.
EMP.A has been the topic of several other reports. National Bank Financial cut their target price on shares of Empire Company Limited from C$23.00 to C$22.00 and set a sector perform rating on the stock in a research note on Thursday, November 24th. Royal Bank of Canada reissued a sector perform rating and set a C$22.00 target price on shares of Empire Company Limited in a research note on Thursday, December 1st. TD Securities reissued a reduce rating and set a C$14.00 target price on shares of Empire Company Limited in a research note on Monday, January 23rd. Dundee Securities cut their target price on shares of Empire Company Limited from C$18.00 to C$17.00 and set a neutral rating on the stock in a research note on Thursday, December 15th. Finally, Barclays PLC cut their target price on shares of Empire Company Limited from C$18.00 to C$15.00 and set an underweight rating on the stock in a research note on Friday, December 16th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Empire Company Limited presently has a consensus rating of Hold and a consensus price target of C$18.22.
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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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