Desjardins Downgrades Empire Co Cl A NV (EMP.A) to Hold


Today, an analyst has provided a rating update for the Services sector company, Empire Co Cl A NV (EMP.A). Desjardins’ analyst Keith Howlett downgraded EMP.A to Hold , with a C$30.50 price target.

Howlett has an average return of 0.9% when recommending Empire Co Cl A NV.

According to TipRanks.com, Howlett is ranked #2034 out of 5218 analysts.

Read also: Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Empire Co Cl A NV with a C$32.31 average price target, a 9.6% upside from current levels. In a report issued on March 6, Raymond James also maintained a Hold rating on the stock with a C$31 price target.

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The company has a one-year high of C$31.35 and a one-year low of C$22.38. Currently, Empire Co Cl A NV has an average volume of 574.2K.

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 Monday at C$29.48.

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