Shares of Empire Company Limited (OTCMKTS:EMLAF – Get Rating) have been given an average rating of "Moderate Buy" by the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $46.33.
Several research analysts have recently commented on the stock. National Bank Financial dropped their price target on shares of Empire from C$48.00 to C$42.00 in a research note on Thursday, June 23rd. TD Securities dropped their price target on shares of Empire from C$50.00 to C$45.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. Royal Bank of Canada increased their price target on shares of Empire from C$46.00 to C$48.00 in a research note on Friday, March 11th. Scotiabank increased their price target on shares of Empire from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Thursday, June 23rd. Finally, BMO Capital Markets dropped their price target on shares of Empire from C$44.00 to C$42.00 and set a "market perform" rating on the stock in a research note on Thursday, June 23rd.
Get Empire alerts:EMLAF stock opened at $30.69 on Thursday. Empire has a 12-month low of $28.63 and a 12-month high of $36.37. The company has a 50 day moving average of $32.10 and a two-hundred day moving average of $32.19.
Empire Company Profile (Get Rating)
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, Farm Boy, Longo's, and Lawtons Drugs; and approximately 350 retail fuel locations, as well as operates grocery e-commerce stores under the banners, such as Voilà by Sobeys, Grocery Gateway, IGA.net, and ThriftyFoods.com.
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