Desjardins upgraded shares of Jean Coutu Group PJC Inc (TSE:PJC.A) from a sell rating to a hold rating in a research note released on Wednesday, May 24th. Desjardins currently has C$21.00 price target on the stock, up from their previous price target of C$20.00.
A number of other analysts have also recently issued reports on PJC.A. TD Securities reiterated a reduce rating and issued a C$18.00 target price on shares of Jean Coutu Group PJC in a research note on Thursday, January 26th. Scotiabank reiterated a sector perform rating and issued a C$19.00 target price on shares of Jean Coutu Group PJC in a research note on Friday, April 21st. Royal Bank of Canada reiterated an underperform rating and issued a C$20.00 target price on shares of Jean Coutu Group PJC in a research note on Friday, April 21st. BMO Capital Markets set a C$21.00 target price on shares of Jean Coutu Group PJC and gave the company a market perform rating in a research note on Friday, April 28th. Finally, CIBC boosted their price objective on shares of Jean Coutu Group PJC from C$19.00 to C$22.00 in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of Hold and an average target price of C$20.93.
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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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