Empire Company Limited (TSE:EMP.A) was upgraded by research analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a note issued to investors on Friday. The firm presently has a C$23.00 price target on the stock, up from their previous price target of C$21.00.

EMP.A has been the subject of several other research reports. National Bank Financial lifted their target price on shares of Empire Company Limited from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, June 29th. CIBC lifted their target price on shares of Empire Company Limited from C$18.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, June 29th. Raymond James Financial, Inc. lifted their target price on shares of Empire Company Limited from C$16.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Thursday, June 29th. BMO Capital Markets upgraded shares of Empire Company Limited from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$19.00 to C$25.00 in a research note on Friday, June 30th. Finally, Scotiabank lifted their target price on shares of Empire Company Limited from C$24.50 to C$25.50 and gave the stock an “outperform” rating in a research note on Thursday, June 29th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Empire Company Limited currently has a consensus rating of “Buy” and an average price target of C$25.35.

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Empire Company Limited Company Profile

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.

Analyst Recommendations for Empire Company Limited (TSE:EMP.A)

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