Empire (TSE:EMP.A) Price Target Increased to C$30.00 by Analysts at National Bank Financial

Empire (TSE:EMP.A) had its target price boosted by equities research analysts at National Bank Financial from C$29.00 to C$30.00 in a report released on Thursday, March 15th. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 22.70% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Scotiabank raised their price target on shares of Empire from C$27.50 to C$30.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. BMO Capital Markets raised their price target on shares of Empire from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. CIBC cut shares of Empire from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 14th. Raymond James Financial raised their price target on shares of Empire from C$24.00 to C$26.00 and gave the company a “market perform” rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada raised their price target on shares of Empire from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Thursday, December 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Empire has a consensus rating of “Buy” and a consensus target price of C$28.44.

How to Become a New Pot Stock Millionaire

Shares of EMP.A stock traded down C$0.08 on Thursday, reaching C$24.45. 115,273 shares of the company were exchanged, compared to its average volume of 314,151. Empire has a one year low of C$17.43 and a one year high of C$26.34.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/empire-emp-a-pt-raised-to-c30-00.html.

About Empire

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.

Analyst Recommendations for Empire (TSE:EMP.A)

Receive News & Ratings for Empire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply