▲ +7.53% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Empire in the last 3 months. The average price target is C$45.00, with a high forecast of C$48.00 and a low forecast of C$42.00. The average price target represents a 7.53% upside from the last price of C$41.85.
The current consensus among 3 investment analysts is to buy stock in Empire. This rating has held steady since June 2020, when it changed from a Hold consensus rating.
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 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations. It also owns interest in Crombie Real Estate Investment Trust, an open-ended Canadian real estate investment trust to sell and leaseback a portfolio of 19 retail properties; and various equity accounted interests in Genstar real estate partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. The company was founded in 1907 and is headquartered in Stellarton, Canada.