Jean Coutu Group PJC Inc (PJC.A) Given Average Recommendation of “Hold” by Analysts
Jean Coutu Group PJC Inc (TSE:PJC.A) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$23.39.
Several research analysts have issued reports on the company. Eight Capital increased their price objective on Jean Coutu Group PJC from C$21.00 to C$24.50 in a research report on Tuesday, October 10th. Barclays PLC raised Jean Coutu Group PJC from an “underweight” rating to an “equal weight” rating and upped their target price for the company from C$17.00 to C$24.00 in a report on Tuesday, October 3rd. Royal Bank Of Canada lowered their target price on Jean Coutu Group PJC from C$20.00 to C$19.00 and set an “underperform” rating on the stock in a report on Tuesday, July 4th. National Bank Financial lowered their target price on Jean Coutu Group PJC from C$25.00 to C$24.00 in a report on Thursday, June 29th. Finally, TD Securities upped their target price on 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.
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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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