Empire (TSE:EMP.A) had its target price raised by Raymond James Financial from C$24.00 to C$26.00 in a research note issued to investors on Thursday morning. They currently have a market perform rating on the stock.
Several other equities research analysts have also recently issued reports on the company. National Bank Financial lifted their target price on Empire from C$24.00 to C$27.00 and gave the stock an outperform rating in a report on Friday, September 15th. Royal Bank of Canada raised Empire from an underperform rating to a sector perform rating and lifted their target price for the stock from C$21.00 to C$23.00 in a report on Friday, September 15th. TD Securities lifted their target price on Empire from C$20.00 to C$25.00 and gave the stock a hold rating in a report on Friday, September 15th. Eight Capital raised Empire from a neutral rating to a buy rating and lifted their target price for the stock from C$21.00 to C$30.00 in a report on Friday, September 15th. Finally, Barclays boosted their price objective on Empire from C$27.00 to C$28.00 in a research note on Friday, September 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Empire has a consensus rating of Buy and a consensus target price of C$28.00.
Shares of Empire (TSE:EMP.A) opened at C$24.01 on Thursday. Empire has a twelve month low of C$14.74 and a twelve month high of C$26.34.
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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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