Empire (TSE:EMP.A) had its price target upped by equities researchers at Scotiabank from C$27.50 to C$30.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 24.95% from the stock’s previous close.
Several other research analysts have also issued reports on the company. Royal Bank of Canada upped their target price on Empire from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Thursday. Raymond James Financial upped their target price on Empire from C$24.00 to C$26.00 and gave the company a “market perform” rating in a research report on Thursday. National Bank Financial upped their target price on Empire from C$28.00 to C$29.00 in a research report on Thursday. CIBC lowered Empire from an “outperform” rating to a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets upped their target price on Empire from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$28.00.
Empire (TSE:EMP.A) opened at C$24.01 on Thursday. Empire has a 1 year low of C$14.74 and a 1 year high of C$26.34.
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Empire Company Profile
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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