Jean Coutu Group PJC Inc (PJC.A) Receives Consensus Rating of “Hold” from Brokerages
Shares of Jean Coutu Group PJC Inc (TSE:PJC.A) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$20.93.
Several research firms have recently commented on PJC.A. TD Securities set a C$20.00 price objective on Jean Coutu Group PJC and gave the stock a “reduce” rating in a research note on Sunday, April 30th. Scotiabank upped their price objective on Jean Coutu Group PJC from C$19.00 to C$22.50 and gave the stock a “sector perform” rating in a research note on Friday, April 28th. CIBC upped their price objective on Jean Coutu Group PJC from C$19.00 to C$22.00 in a research note on Friday, April 28th. Desjardins raised shares of Jean Coutu Group PJC from a “sell” rating to a “hold” rating and upped their target price for the stock from C$20.00 to C$21.00 in a report on Wednesday, May 24th. Finally, BMO Capital Markets set a C$21.00 target price on shares of Jean Coutu Group PJC and gave the stock a “market perform” rating in a report on Friday, April 28th.
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About Jean Coutu Group PJC
The Jean Coutu Group (PJC) Inc is a Canada-based company, which is engaged in franchising pharmacy chains. The Company operates through two segments: franchising and generic drugs. Within the franchising segment, the Company carries on the franchising activity under the banners of PJC Jean Coutu, PJC Clinique, PJC Jean Coutu Sante and PJC Jean Coutu Sante Beaute; operates approximately two distribution centers, and coordinates various other services for its franchisees.
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