In a new note to investors today, an analyst has provided a rating update for Empire Co Cl A NV (EMP.A – Research Report). RBC Capital’s analyst Irene Nattel reiterates their Hold rating on the shares, with a C$50.00 price target.
According to TipRanks.com, Nattel is ranked #489 out of 8601 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Empire Co Cl A NV with a C$43.50 average price target.
The company has a one-year high of C$39.74 and a one-year low of C$33.22. Currently, Empire Co Cl A NV has an average volume of 348.1K.
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 Monday at C$40.05.
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