Empire Company Limited (TSE:EMP.A) Has Just Had Its Price Target Upped by Researchers at TD Securities to $25.00

September 17, 2017 - By Adrian Erickson

Stock Analysis:Empire Company Limited (TSE:EMP.A) Target Change

In a report revealed to investors by TD Securities on Friday, 15 September, Empire Company Limited (TSE:EMP.A) had its TP boosted to $25.00. The firm now has a solid “Hold” rating on shares.

Empire Company Limited (TSE:EMP.A) Ratings Coverage

Among 9 analysts covering Empire Company Limited (TSE:EMP.A), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Empire Company Limited has $92 highest and $14 lowest target. $33.10’s average target is 37.92% above currents $24 stock price. Empire Company Limited had 33 analyst reports since September 10, 2015 according to SRatingsIntel. The stock of Empire Company Limited (TSE:EMP.A) earned “Sector Perform” rating by Scotia Capital on Monday, January 16. On Friday, March 17 the stock rating was upgraded by Barclays Capital to “Equal Weight”. On Friday, June 30 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The company was maintained on Friday, September 11 by Scotia Capital. TD Securities downgraded the stock to “Reduce” rating in Friday, September 16 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, September 9. BMO Capital Markets maintained the shares of EMP.A in report on Friday, September 16 with “Market Perform” rating. TD Securities upgraded Empire Company Limited (TSE:EMP.A) on Thursday, March 16 to “Hold” rating. As per Friday, December 2, the company rating was maintained by Scotia Capital. On Wednesday, March 15 the stock rating was maintained by Raymond James with “Market Perform”.

The stock increased 6.15% or $1.39 on September 15, reaching $24. About 2.20M shares traded or 455.36% up from the average. Empire Company Limited (TSE:EMP.A) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Empire Company Limited is engaged in the business of food retailing and related real estate. The company has market cap of $6.52 billion. The Company’s divisions include Food Retailing, and Investments and Other Operations. It has a 44.39 P/E ratio. 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.

More notable recent Empire Company Limited (TSE:EMP.A) news were published by: Fool.ca which released: “How Empire Company Limited Is Coming out of the Basement” on June 14, 2017, also Fool.ca with their article: “Empire Company Limited’s Q1 Results Beat Estimates: Is the Stock a Buy?” published on September 14, 2017, Fool.ca published: “Empire Company Limited May Be Heading for Another Plunge” on June 16, 2017. More interesting news about Empire Company Limited (TSE:EMP.A) were released by: Fool.ca and their article: “Cautious Investors: Avoid the Steep Slide of Empire Company Limited” published on September 05, 2017 as well as Fool.ca‘s news article titled: “Why I’m Avoiding Empire Company Limited Like the Plague” with publication date: August 30, 2017.

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