In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Empire Co Cl A NV (EMP.A). Barclays’ analyst Jim Durran reiterates their Buy rating on the shares, with a C$34 price target.
Durran has an average return of 6.4% when recommending Empire Co Cl A NV.
According to TipRanks.com, Durran is ranked #369 out of 5220 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Empire Co Cl A NV with a C$32.50 average price target.
Based on Empire Co Cl A NV’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of C$6.21 billion and net profit of C$104 million. In comparison, last year the company had a net profit of C$58.1 million.
Empire Co. Ltd. engages in the food retailing and corporate investment activities. It operates through the Food Retailing and Investments and Other Operations segments. The Food Retailing Segment involves in the distribution of food products in Canada.
The company’s shares closed on Friday at C$29.74.
