Empire Company Limited (TSE:EMP.A) had its price objective boosted by TD Securities from C$20.00 to C$25.00 in a research report report published on Friday. They currently have a hold rating on the stock.
Other research analysts have also recently issued research reports about the stock. Eight Capital raised their price target on shares of Empire Company Limited from C$19.00 to C$20.00 in a report on Thursday, June 22nd. Raymond James Financial, Inc. raised their price target on shares of Empire Company Limited from C$16.00 to C$20.00 and gave the stock a market perform rating in a report on Thursday, June 29th. CIBC raised their price target on shares of Empire Company Limited from C$18.00 to C$22.00 and gave the stock a market perform rating in a report on Thursday, June 29th. National Bank Financial raised their price target on shares of Empire Company Limited from C$22.00 to C$24.00 and gave the stock an outperform rating in a report on Thursday, June 29th. Finally, BMO Capital Markets raised shares of Empire Company Limited from a market perform rating to an outperform rating and raised their price target for the stock from C$19.00 to C$25.00 in a report on Friday, June 30th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$25.35.
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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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