BMO Capital Remains a Buy on Empire Co Cl A NV

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Services sector company, Empire Co Cl A NV (TSX: EMP.A). Analyst Peter Sklar from BMO Capital reiterated a Buy rating, with a C$28 price target.

According to TipRanks.com, Sklar is a 4-star analyst with an average return of 9.1% and a 50.0% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Alimentation Couche Tard, and Loblaw Companies Limited.

Currently, the analyst consensus on Empire Co Cl A NV is Moderate Buy and the average price target is C$24.08, representing a 2.9% upside.

In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a C$27.50 price target.

The company has a one year high of C$22.75 and a one year low of C$14.74. Currently, Empire Co Cl A NV has an average volume of 393K.

Empire Co. Ltd. engages in the food retailing and corporate investment activities. It operates through two segments: Food Retailing and Investments and Other Operations. The Food Retailing Segment consists of distribution of food products in Canada.

The company’s shares closed on Friday at C$23.41.