Empire Co Cl A NV (EMP.A) Received its Third Buy in a Row


Analysts have been quite happy with Empire Co Cl A NV (EMP.A) stock lately, with several positive ratings in a row that it received in the past month alone. National Bank’s analyst Vishal Shreedhar reiterates their Buy rating on the shares, with a C$33 price target.

According to TipRanks.com, Shreedhar is a 1-star analyst with an average return of -7.3% and a 35.3% success rate. Shreedhar covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.

Read also: Analyst Remains Cautious on New Age Beverages (NBEV) Stock After Acquisition

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Empire Co Cl A NV with a C$31.78 average price target, implying an 9.0% upside from current levels. In a report released today, Desjardins also upgraded the stock to Buy with a C$32 price target.

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Empire Co Cl A NV’s market cap is currently C$7.74B and has a P/E ratio of 39.1. The company has a Price to Book ratio of 2.05.

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$29.16.

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