Empire Company Ltd traded at 50.22 this Monday July 13th, increasing 1.20 or 2.45 percent since the previous trading session. Looking back, over the last four weeks, Empire Company gained 1.50 percent. Over the last 12 months, its price fell by 10.80 percent. Looking ahead, we forecast Empire Company Ltd to be priced at 47.94 by the end of this quarter and at 44.85 in one year, according to Trading Economics global macro models projections and analysts expectations.
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. and The Fraipont Partnership (collectively, Genstar).