Empire Company Limited (TSE:EMP.A) Has Just Had Its TP Raised by Professional Analysts at National Bank Financial to $27.00

September 17, 2017 - By Nellie Frank

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

In an analyst note made public by National Bank Financial on Friday morning, Empire Company Limited (TSE:EMP.A) had its PT boosted to $27.00. The firm presently 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. Dundee Securities maintained the shares of EMP.A in report on Thursday, September 22 with “Neutral” rating. The firm has “Sector Perform” rating by Scotia Capital given on Friday, December 2. RBC Capital Markets maintained it with “Sector Perform” rating and $22 target in Friday, September 16 report. The rating was maintained by Scotia Capital with “Sector Perform” on Wednesday, June 29. The stock of Empire Company Limited (TSE:EMP.A) earned “Market Perform” rating by Raymond James on Wednesday, March 15. The firm earned “Reduce” rating on Friday, September 16 by TD Securities. BMO Capital Markets upgraded the shares of EMP.A in report on Friday, June 30 to “Outperform” rating. The firm has “Sector Perform” rating given on Thursday, December 1 by RBC Capital Markets. The stock of Empire Company Limited (TSE:EMP.A) has “Hold” rating given on Thursday, March 16 by TD Securities. On Monday, January 23 the stock rating was maintained by TD Securities with “Reduce”.

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 Empire Company Limited Soared 14.48% on Thursday” on September 15, 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: “How Empire Company Limited Is Coming out of the Basement” published on June 14, 2017 as well as Fool.ca‘s news article titled: “Cautious Investors: Avoid the Steep Slide of Empire Company Limited” with publication date: September 05, 2017.

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