Empire (TSE:EMP) Rating Increased to Hold at TD Securities

Empire (TSE:EMP) was upgraded by stock analysts at TD Securities to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on EMP. Scotiabank lowered shares of Empire from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. BMO Capital Markets raised shares of Empire from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Empire Stock Performance

Empire has a 12 month low of C$23.00 and a 12 month high of C$25.49.

Empire Company Profile

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations. The Company’s Investments and Other Operations segment includes equity accounted interest in Crombie REIT, which is an open-ended real estate investment trust owning a portfolio of over 260 retail and office properties across Canada, and equity accounted interests in Genstar Development Partnership, Genstar Development Partnership II, GDC Investments 4, L.P., GDC Investments 6, L.P., GDC Investments 7, L.P., GDC Investments 8, L.P.