Empire (OTCMKTS:EMLAF) Price Target Raised to C$52.00

Empire (OTCMKTS:EMLAFGet Rating) had its target price increased by research analysts at Scotiabank from C$50.00 to C$52.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock.

EMLAF has been the topic of several other reports. TD Securities lowered their target price on shares of Empire from C$50.00 to C$45.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets lowered 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.14.

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 business’s fifty day moving average is $32.91 and its 200 day moving average is $32.15. Empire has a fifty-two week low of $28.63 and a fifty-two week 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.

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