Empire Company Ltd T.EMP.A

Alternate Symbol(s): EMLAF

Consumer Defensive Grocery Stores

Empire Company Limited is a Canadian company, which is engaged in the business of food retailing, through wholly owned subsidiary Sobeys Inc. (Sobeys), and related real estate. The Company's segments include Food retailing, and Investments and other operations. Sobeys owns, affiliates or franchises more than 1,600 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's and Lawtons Drugs, operates grocery e-commerce under the banners Voila, Voila par IGA and ThriftyFoods.com, and operates and/or supplies more than 350 retail fuel locations. Investments and other operations segment consists of investments in Crombie REIT, real estate partnerships and various other corporate operations. Crombie REIT is focused on owning, operating and developing 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.