Empire Company Limited (OTCMKTS:EMLAF – Get Rating) has been given an average rating of “Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $47.60.
A number of equities research analysts have commented on the stock. CIBC lifted 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. Royal Bank of Canada lifted their target price on shares of Empire from C$46.00 to C$48.00 in a research report on Friday, March 11th. Scotiabank lifted their target price on shares of Empire from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, March 14th. BMO Capital Markets lifted 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. Finally, TD Securities upgraded shares of Empire from a “hold” rating to a “buy” rating in a research note on Friday, January 21st.
OTCMKTS:EMLAF opened at $33.09 on Wednesday. Empire has a 12 month low of $28.63 and a 12 month high of $36.37. The company has a 50 day simple moving average of $34.33 and a two-hundred day simple moving average of $31.73.
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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