Empire (TSE:EMP.A – Get Free Report) had its target price boosted by investment analysts at National Bank Financial from C$54.00 to C$55.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 11.56% from the company’s current price.
A number of other research firms also recently commented on EMP.A. Desjardins set a C$53.00 target price on shares of Empire and gave the stock a “buy” rating in a research report on Monday. Scotiabank downgraded shares of Empire from an “outperform” rating to a “sector perform” rating and set a C$52.00 target price for the company. in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Empire has an average rating of “Hold” and an average target price of C$53.00.
View Our Latest Stock Analysis on EMP.A
Empire Stock Performance
Empire (TSE:EMP.A – Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported C$0.72 EPS for the quarter. Empire had a net margin of 2.18% and a return on equity of 12.94%. The business had revenue of C$7.89 billion during the quarter. On average, analysts forecast that Empire will post 2.9581227 EPS for the current year.
About Empire
Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.
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