Shares of Empire Co Cl A NV (EMP.A – Research Report) were revisited by a Wall Street analyst today. Analyst Tamy Chen from BMO Capital remains neutral on the stock and has a C$39.00 price target.
According to TipRanks.com, Chen is ranked #6612 out of 8566 analysts.
Currently, the analyst consensus on Empire Co Cl A NV is a Moderate Buy with an average price target of C$42.71, a 17.5% upside from current levels. In a report issued on September 6, RBC Capital also maintained a Hold rating on the stock with a C$48.00 price target.
Empire Co Cl A NV’s market cap is currently C$5.63B and has a P/E ratio of 12.22.
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$36.60.
Read More on TSE:EMP.A:
