The Jean Coutu Group (PJC) Given Average Rating of “Hold” by Brokerages (TSE:PJC.A)
Shares of The Jean Coutu Group (PJC) (TSE:PJC.A) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, AmericanBankingNews.com reports. Seven equities research analysts have rated the stock with a hold recommendation, The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$19.92.
The company also recently announced a Quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Friday, August 8th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.79%. The ex-dividend date is Wednesday, July 23rd.
A number of research firms have recently commented on PJC.A. Analysts at TD Securities raised their price target on shares of The Jean Coutu Group (PJC) from C$21.00 to C$22.00 in a research note on Wednesday, July 9th. They now have a “hold” rating on the stock. Separately, analysts at Barclays raised their price target on shares of The Jean Coutu Group (PJC) from C$18.00 to C$19.00 in a research note on Wednesday, July 9th. They now have an “equal weight” rating on the stock. Finally, analysts at Desjardins raised their price target on shares of The Jean Coutu Group (PJC) from C$19.00 to C$22.00 in a research note on Friday, May 2nd.
The Jean Coutu Group (TSE:PJC) Inc operates a network of 407 franchised stores under the banners of PJC Jean Coutu, PJC Jean Coutu Sante Beaute, PJC Jean Coutu Sante and PJC Clinique, all located in Quebec, Ontario and New Brunswick.
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