A Wall Street analyst has provided a review for the Consumer Goods company today, but retained the same rating on the stock. Analyst Chris Li CFA from Desjardins remains bullish on Empire Co Cl A NV (EMP.A – Research Report) and has a C$41.00 price target.
According to TipRanks.com, CFA is a 4-star analyst with an average return of 4.0% and a 61.6% success rate. CFA covers the NA sector, focusing on stocks such as Gildan Activewear, Canadian Tire, and Dollarama.
Empire Co Cl A NV has an analyst consensus of Moderate Buy, with a price target consensus of C$45.18.
The company has a one-year high of C$38.51 and a one-year low of C$33.09. Currently, Empire Co Cl A NV has an average volume of 380.3K.
Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.
The company’s shares closed last Tuesday at C$35.30.
