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). Yesterday, analyst Patricia Baker gave a Buy rating to EMP.A and set a C$33 price target.
According to TipRanks.com, Baker is a 3-star analyst with an average return of 2.0% and a 54.4% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Loblaw Companies Limited, and Kroger Company.
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Empire Co Cl A NV has an analyst consensus of Moderate Buy, with a price target consensus of C$32.50, representing a 14.0% upside. In a report released today, Barclays also reiterated a Buy rating on the stock with a C$32 price target.
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Based on Empire Co Cl A NV’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of C$95.6 million. In comparison, last year the company had a GAAP net loss of C$23.6 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 Thursday at C$28.51, close to its 52-week high of C$28.56.
