Empire Company Limited (TSE:EMP.A) Has Just Had Its Target Lowered by Stock Analysts at Scotia Capital to $29.50

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Analysis: Empire Company Limited (TSE:EMP.A) Target Change Today

In a comprehensive report revealed to clients and investors by Scotia Capital on Friday morning, the firm, Empire Company Limited (TSE:EMP.A), had their target price lowered to $29.50. Analusts currently have a solid “Outperform” rating on the stock.

From a total of 3 analysts covering Empire Company Limited (TSE:EMP.A) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $92 while the lowest target price is $86. The mean of all analyst targets is $88.50 with a 251.33% above today’s ($25.19) stock price. Empire Company Limited was the topic of 5 analyst reports since September 10, 2015 according to the firm StockzIntelligence Inc. Scotia Capital maintained shares on September 11 with “Sector Outperform” rating.

The stock decreased 2.06% or $0.53 on December 11, striking $25.19. Approximately 600,475 shares of stock traded hands or 174.86% up from the average. Empire Company Limited (TSE:EMP.A) has declined 90.74% since May 15, 2015 and is downtrending. It has underperformed by 86.32% the S&P500.

Empire Company Limited (TSE:EMP.A) Has Just Had Its Target Lowered by Stock Analysts at Scotia Capital to $29.50

Empire Company Limited is engaged in the business of food retailing and related real estate. The company has a market cap of $6.98 billion. The Firm operates through two divisions: Food Retailing and Investments and Other Operations. It has 19.59 P/E ratio. The Company’s Food Retailing segment is carried out through its wholly owned subsidiary, Sobeys Inc., which has conducted business through approximately 1,500 retail stores , as well as over 350 retail fuel locations, operating in province and in over 900 communities across Canada.

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