Raymond James Raises Empire (EMP.A) Price Target to C$32.00

Empire (TSE:EMP.A) had its price objective lifted by Raymond James from C$31.00 to C$32.00 in a research report released on Thursday morning. The brokerage currently has a market perform rating on the stock.

Several other research analysts have also recently commented on the stock. National Bank Financial upped their target price on shares of Empire from C$33.00 to C$34.00 and gave the stock an outperform rating in a research report on Thursday. Desjardins cut shares of Empire from a buy rating to a hold rating and decreased their target price for the stock from C$32.00 to C$30.50 in a research report on Tuesday, March 12th. TD Securities upped their target price on shares of Empire from C$30.00 to C$32.00 and gave the stock a hold rating in a research report on Tuesday, January 15th. Barclays upped their target price on shares of Empire from C$31.00 to C$32.00 in a research report on Friday, December 14th. Finally, BMO Capital Markets upped their target price on shares of Empire from C$30.00 to C$32.00 and gave the stock an outperform rating in a research report on Friday, December 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Empire currently has an average rating of Hold and a consensus target price of C$32.19.

Shares of TSE:EMP.A opened at C$28.62 on Thursday. Empire has a fifty-two week low of C$17.43 and a fifty-two week high of C$26.34. The company has a quick ratio of 0.47, a current ratio of 1.12 and a debt-to-equity ratio of 41.48. The stock has a market cap of $4.92 billion and a P/E ratio of 23.67.

Empire Company Profile

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.

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Analyst Recommendations for Empire (TSE:EMP.A)

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