Analyst Price Target is C$48.57
▲ +12.38% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Empire in the last 3 months. The average price target is C$48.57, with a high forecast of C$55.00 and a low forecast of C$46.00. The average price target represents a 12.38% upside from the last price of C$43.22.
Current Consensus is
Hold
The current consensus among 7 contributing investment analysts is to hold stock in Empire. This rating has held steady since November 2023, when it changed from a Moderate Buy consensus rating.
Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations. The company's investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.
Read More