Empire (TSE:EMP.A) had its price target increased by Barclays from C$30.00 to C$31.00 in a research report issued to clients and investors on Tuesday, September 11th. Barclays’ target price would suggest a potential upside of 35.37% from the stock’s previous close.
Several other research firms have also recently commented on EMP.A. Raymond James lifted their target price on shares of Empire from C$26.00 to C$28.00 and gave the stock a “market perform” rating in a research report on Friday, June 29th. Royal Bank of Canada lifted their target price on shares of Empire from C$26.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Friday, June 29th. National Bank Financial lifted their price target on shares of Empire from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, June 29th. Finally, TD Securities lifted their price target on shares of Empire from C$27.00 to C$29.00 in a report on Friday, June 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Empire presently has a consensus rating of “Hold” and an average price target of C$29.57.
Shares of EMP.A traded down C$0.19 during trading hours on Tuesday, hitting C$22.90. The stock had a trading volume of 342,557 shares, compared to its average volume of 314,151. Empire has a 1-year low of C$17.43 and a 1-year high of C$26.34.
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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