Empire (TSE:EMP) Upgraded by TD Securities to Hold Rating

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

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

Empire Stock Performance

Empire has a 52-week low of C$23.00 and a 52-week high of C$25.49.

About Empire

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.