Trading Report: The Empire Company Limited (EMP.A) Price Target Cut to C$22.00

The Empire Company Limited (EMP.A) Price Target Cut to C$22.00

Empire Company Limited (TSE:EMP.A) had its target price lowered by stock analysts at National Bank Financial from C$23.00 to C$22.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “sector perform” rating on the stock.

A number of other research analysts have also recently commented on the stock. TD Securities cut shares of Empire Company Limited from a “hold” rating to a “reduce” rating and reduced their price target for the company from C$20.00 to C$18.00 in a research report on Friday, September 16th. Dundee Securities reiterated a “neutral” rating and set a C$20.00 price target on shares of Empire Company Limited in a research report on Thursday, September 22nd. Scotiabank reiterated a “sector perform” rating and set a C$23.00 price target on shares of Empire Company Limited in a research report on Tuesday, September 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$22.00 price target on shares of Empire Company Limited in a research report on Friday, September 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$21.00 price target on shares of Empire Company Limited in a research report on Friday, September 16th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Empire Company Limited currently has a consensus rating of “Hold” and an average target price of C$20.30.

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