Royal Bank Of Canada Increases Empire (EMP.A) Price Target to C$25.00

Empire (TSE:EMP.A) had its price objective lifted by Royal Bank Of Canada from C$23.00 to C$25.00 in a report issued on Thursday. The brokerage currently has a sector perform rating on the stock.

Several other equities research analysts have also recently commented on the stock. Scotiabank raised their target price on shares of Empire from C$25.50 to C$27.50 and gave the stock an outperform rating in a research report on Friday, September 15th. Barclays raised their target price on shares of Empire from C$27.00 to C$28.00 in a research report on Friday, September 15th. CIBC raised their target price on shares of Empire from C$20.00 to C$27.00 and gave the stock an outperform rating in a research report on Friday, September 15th. Eight Capital raised shares of Empire from a neutral rating to a buy rating and raised their target price for the stock from C$21.00 to C$30.00 in a research report on Friday, September 15th. Finally, National Bank Financial raised their target price on shares of Empire from C$24.00 to C$27.00 and gave the stock an outperform rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$25.65.

Shares of Empire (TSE EMP.A) opened at C$25.85 on Thursday. Empire has a 12-month low of C$14.74 and a 12-month high of C$25.95.

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Empire 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.

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