In a latest note to investors, a research analyst has provided a rating update for the Empire Co Cl A NV (EMP.A – Research Report). Empire Co Cl A NV (TSX: EMP.A), the Consumer Goods sector company has received a rating update from a Wall Street analyst on September 6.
According to TipRanks.com, Nattel is ranked #547 out of 8561 analysts.
Empire Co Cl A NV has an analyst consensus of Moderate Buy, with a price target consensus of C$45.21, representing a 31.4% upside. In a report issued on September 5, BMO Capital also assigned a Hold rating to the stock with a $39.00 price target.
Empire Co Cl A NV’s market cap is currently C$8.72B and has a P/E ratio of 12.99.
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 Friday at C$34.77.
