RBC Capital Keeps a Sell Rating on Empire Co Cl A NV

By Ryan Adsit

Empire Co Cl A NV (TSX: EMP.A), the Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Irene Nattel from RBC Capital rated Empire Co Cl A NV (TSX: EMP.A) a Sell, setting a C$21 price target.

According to TipRanks.com, Nattel is a 4-star analyst with an average return of 5.8% and a 57.3% success rate. Nattel covers the Services sector, focusing on stocks such as Alimentation Couche Tard, Casey’s General, and The Pantry.

Empire Co Cl A NV has an analyst consensus of Moderate Buy, with a price target consensus of C$23.50.

Empire Co Cl A NV’s market cap is currently C$5.69B and has a P/E ratio of 0.

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 Wednesday at $21, close to its 52-week high of $22.10.