Investment Analysts’ Recent Ratings Changes for Empire (EMP.A)

A number of research firms have changed their ratings and price targets for Empire (TSE: EMP.A):

• 6/21/2026 – Empire had its price target raised by Desjardins from C$53.00 to C$56.00. They now have a “buy” rating on the stock.
• 6/19/2026 – Empire had its price target raised by TD from C$50.00 to C$53.00. They now have a “hold” rating on the stock.
• 6/19/2026 – Empire had its price target raised by Canadian Imperial Bank of Commerce from C$54.00 to C$58.00. They now have an “outperformer” rating on the stock.
• 6/19/2026 – Empire had its price target raised by Royal Bank Of Canada from C$55.00 to C$58.00. They now have a “sector perform” rating on the stock.
• 6/15/2026 – Empire had its price target raised by National Bank Financial from C$54.00 to C$55.00. They now have a “sector perform” rating on the stock.
• 6/15/2026 – Empire was given a new C$53.00 price target by Desjardins. They now have a “buy” rating on the stock.

Empire Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, July 15th. This is a positive change from Empire’s previous quarterly dividend of $0.22. Empire’s dividend payout ratio is presently 102.33%.

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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