Empire (OTCMKTS:EMLAF) Price Target Cut to C$45.00 by Analysts at TD Securities

Empire (OTCMKTS:EMLAFGet Rating) had its target price decreased by research analysts at TD Securities from C$50.00 to C$45.00 in a report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the stock.

Other research analysts also recently issued reports about the stock. Scotiabank upped their target price on shares of Empire from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, March 14th. BMO Capital Markets cut their target price on shares of Empire from C$46.00 to C$44.00 and set a “market perform” rating on the stock in a research report on Friday, June 10th. Finally, Royal Bank of Canada upped their target price on shares of Empire from C$46.00 to C$48.00 in a research report on Friday, March 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.14.

OTCMKTS EMLAF traded down $2.17 on Thursday, hitting $28.86. 422 shares of the company were exchanged, compared to its average volume of 1,791. The firm has a 50 day moving average of $32.91 and a two-hundred day moving average of $32.15. Empire has a 1-year low of $28.63 and a 1-year high of $36.37.

Empire Company Profile (Get Rating)

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and approximately 350 retail fuel locations, as well as operates grocery e-commerce stores under the banners, such as Voilà by Sobeys, Grocery Gateway, IGA.net, and ThriftyFoods.com.

Featured Stories

The Fly logo

Analyst Recommendations for Empire (OTCMKTS:EMLAF)

Receive News & Ratings for Empire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire and related companies with MarketBeat.com's FREE daily email newsletter.