Empire Company Ltd T.EMP.A

Alternate Symbol(s): EMLAF

Consumer Defensive Grocery Stores

Empire Company Limited is a Canadian company engaged in the business of food retailing and related real estate. The Company's principal business segments include Food Retailing, and Investments and Other Operations. The Food retailing segment operates through its wholly owned subsidiary, Sobeys Inc. (Sobeys). The Food retailing segment comprises three operating segments, namely Sobeys National, Farm Boy and Longo’s. Sobeys serves the food shopping needs of customers with approximately 1,600 retail stores (corporate, franchise, affiliate) as well as over 350 retail fuel locations. The Investments and other operations segment principally consists of investments in Crombie REIT, real estate partnerships and various other corporate operations. Crombie REIT owns, operates and develops a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores and mixed-use developments primarily in Canada’s urban and suburban markets.

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Empire Company Ltd

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Post by Possibleidiot01on Dec 15, 2023 4:11pm

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Post# 35787435

Analyst roundup

All targets reduced. Metro hit a 52 low yesterday. Probably not a place to be.

Empire (TSE:EMP.A) had its price target lowered by analysts at CIBC from C$44.00 to C$42.00. They now have an "outperform" rating on the stock. This represents a 21.6% upside from the current price of C$34.54.
Empire (TSE:EMP.A) was downgraded by analysts at TD Securities from a "buy" rating to a "hold" rating. They now have a C$39.00 price target on the stock, down previously from C$43.00. This represents a 12.9% upside from the current price of C$34.54.
Empire (TSE:EMP.A) had its price target lowered by analysts at Desjardins from C$42.00 to C$40.00. They now have a "buy" rating on the stock. This represents a 15.8% upside from the current price of C$34.54.
Empire (TSE:EMP.A) had its price target lowered by analysts at Scotiabank from C$43.00 to C$39.00. They now have an "outperform" rating on the stock. This represents a 12.9% upside from the current price of C$34.54.
Empire (TSE:EMP.A) had its price target lowered by analysts at Royal Bank of Canada from C$50.00 to C$49.00. They now have a "sector perform" rating on the stock. This represents a 41.9% upside from the current price of C$34.54.
Empire (TSE:EMP.A) had its price target lowered by analysts at National Bankshares, Inc. from C$44.00 to C$42.00. They now have a "sector perform" rating on the stock. This represents a 21.6% upside from the current price of C$34.54.