Empire (OTCMKTS:EMLAF) Given New C$44.00 Price Target at Desjardins

Empire (OTCMKTS:EMLAFGet Rating) had its price objective decreased by Desjardins from C$48.00 to C$44.00 in a research note published on Monday morning, The Fly reports.

A number of other research firms also recently weighed in on EMLAF. BMO Capital Markets cut their price target on shares of Empire from C$44.00 to C$42.00 and set a market perform rating on the stock in a report on Thursday, June 23rd. National Bank Financial dropped their price target on shares of Empire from C$48.00 to C$42.00 in a research note on Thursday, June 23rd. TD Securities lowered their target price on shares of Empire from C$50.00 to C$45.00 and set a buy rating for the company in a research note on Thursday, June 23rd. Finally, Scotiabank upped their target price on shares of Empire from C$50.00 to C$52.00 and gave the company an outperform rating in a research note on Thursday, June 23rd.

Empire Trading Up 0.4 %

OTCMKTS EMLAF opened at $27.39 on Monday. Empire has a 12 month low of $26.77 and a 12 month high of $36.37. The company’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $31.97.

About Empire

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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 1,600 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, Grocery Gateway, IGA.net, and ThriftyFoods.com.

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