Jean Coutu Group PJC Inc (PJC.A) Downgraded by Scotiabank to Tender
Jean Coutu Group PJC Inc (TSE:PJC.A) was downgraded by research analysts at Scotiabank from a “sector perform” rating to a “tender” rating in a note issued to investors on Wednesday. They presently have a C$24.50 price target on the stock.
Other analysts also recently issued reports about the stock. National Bank Financial dropped their price objective on shares of Jean Coutu Group PJC from C$23.00 to C$21.00 in a report on Wednesday, July 12th. Eight Capital dropped their price objective on shares of Jean Coutu Group PJC from C$23.00 to C$21.00 in a report on Thursday, July 6th. Barclays PLC raised shares of Jean Coutu Group PJC from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from C$17.00 to C$24.00 in a report on Tuesday, October 3rd. TD Securities upped their price objective on shares of Jean Coutu Group PJC from C$20.00 to C$21.00 and gave the company a “hold” rating in a report on Wednesday, July 12th. Finally, Desjardins upped their price objective on shares of Jean Coutu Group PJC from C$21.50 to C$24.50 and gave the company a “sell” rating in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$23.39.
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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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