Jean Coutu Group PJC Inc (TSE:PJC.A) has been assigned a C$20.00 target price by analysts at TD Securities in a research report issued on Sunday, April 30th. The firm currently has a “reduce” rating on the stock.
Several other brokerages also recently issued reports on PJC.A. Desjardins downgraded shares of Jean Coutu Group PJC from a “hold” rating to a “sell” rating and lowered their price objective for the stock from C$21.00 to C$20.00 in a research report on Friday, April 28th. CIBC raised their price objective on shares of Jean Coutu Group PJC from C$19.00 to C$22.00 in a research report on Friday, April 28th. Scotiabank raised their price objective on shares of Jean Coutu Group PJC from C$19.00 to C$22.50 and gave the stock a “sector perform” rating in a research report on Friday, April 28th. Royal Bank of Canada reissued an “underperform” rating and set a C$20.00 price objective on shares of Jean Coutu Group PJC in a research report on Friday, April 21st. Finally, BMO Capital Markets set a C$21.00 price objective on shares of Jean Coutu Group PJC and gave the stock a “market perform” rating in a research report on Friday, April 28th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Jean Coutu Group PJC has an average rating of “Hold” and a consensus price target of C$20.79.
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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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