Empire Company Limited (TSE:EMP.A) Has Just Had Its Target Price Raises by Research Analysts at Scotia Capital to $27.50

September 17, 2017 - By Vivian Park

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

In a report revealed to investors by Scotia Capital on 15 September, Empire Company Limited (TSE:EMP.A) had its price target increased to $27.50. The firm currently has a solid “Outperform” 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 has “Sector Perform” rating by RBC Capital Markets on Friday, September 9. The company was upgraded on Friday, June 30 by BMO Capital Markets. TD Securities maintained the stock with “Reduce” rating in Monday, January 23 report. The company was maintained on Wednesday, March 15 by Raymond James. Scotia Capital maintained Empire Company Limited (TSE:EMP.A) rating on Monday, January 16. Scotia Capital has “Sector Perform” rating and $17 target. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, September 16 report. The rating was maintained by Scotia Capital on Friday, December 2 with “Sector Perform”. Scotia Capital maintained the shares of EMP.A in report on Wednesday, June 29 with “Sector Perform” rating. The rating was maintained by Scotia Capital on Friday, September 11 with “Sector Outperform”. The firm has “Sector Perform” rating given on Friday, September 16 by RBC Capital Markets.

The stock increased 6.15% or $1.39 on September 15, reaching $24. About 2.20 million 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: “Why I’m Avoiding Empire Company Limited Like the Plague” on August 30, 2017, also Fool.ca with their article: “How Empire Company Limited Is Coming out of the Basement” published on June 14, 2017, Fool.ca published: “Cautious Investors: Avoid the Steep Slide of Empire Company Limited” on September 05, 2017. More interesting news about Empire Company Limited (TSE:EMP.A) were released by: Fool.ca and their article: “Empire Company Limited May Be Heading for Another Plunge” published on June 16, 2017 as well as Fool.ca‘s news article titled: “Empire Company Limited’s Q1 Results Beat Estimates: Is the Stock a Buy?” with publication date: September 14, 2017.

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