Empire Company Limited (OTCMKTS:EMLAF – Get Rating) has received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $47.60.
A number of equities analysts recently commented on the company. Scotiabank increased their price objective on Empire from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Monday, March 14th. BMO Capital Markets increased their price target on shares of Empire from C$41.00 to C$46.00 and gave the stock a “market perform” rating in a research note on Friday, March 11th. TD Securities raised shares of Empire from a “hold” rating to a “buy” rating in a research note on Friday, January 21st. CIBC increased their target price on shares of Empire from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, January 21st. Finally, Royal Bank of Canada boosted their price target on Empire from C$46.00 to C$48.00 in a research report on Friday, March 11th.
EMLAF opened at $35.37 on Friday. Empire has a fifty-two week low of $28.63 and a fifty-two week high of $36.37. The business has a 50-day moving average of $33.39 and a 200-day moving average of $31.33.
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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