Empire Company Limited (EMP.A) Given Neutral Rating at Dundee Securities
Dundee Securities reaffirmed their neutral rating on shares of Empire Company Limited (TSE:EMP.A) in a research report sent to investors on Thursday. They currently have a C$20.00 price target on the stock.
EMP.A has been the subject of a number of other research reports. Scotiabank restated a sector perform rating and set a C$23.50 price objective on shares of Empire Company Limited in a research report on Wednesday, June 29th. TD Securities downgraded shares of Empire Company Limited from a hold rating to a reduce rating and cut their price target for the company from C$20.00 to C$18.00 in a report on Friday, September 16th. Barclays PLC cut their price target on shares of Empire Company Limited from C$19.00 to C$18.00 and set an underweight rating for the company in a report on Friday, September 16th. BMO Capital Markets reiterated a market perform rating and issued a C$21.00 price target on shares of Empire Company Limited in a report on Friday, September 16th. Finally, Royal Bank Of Canada reiterated a sector perform rating and issued a C$22.00 price target on shares of Empire Company Limited in a report on Friday, September 16th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Empire Company Limited presently has a consensus rating of Hold and a consensus target price of C$20.40.
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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