Jean Coutu Group PJC Inc (PJC.A) Receives Average Rating of “Hold” from Brokerages

Jean Coutu Group PJC Inc (TSE:PJC.A) has earned an average rating of “Hold” from the nine analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$23.39.

A number of brokerages have issued reports on PJC.A. Scotiabank lowered shares of Jean Coutu Group PJC from a “sector perform” rating to a “tender” rating and set a C$24.50 target price for the company. in a research note on Wednesday, October 11th. Eight Capital lifted their target price on shares of Jean Coutu Group PJC from C$21.00 to C$24.50 in a research note on Tuesday, October 10th. Barclays upgraded shares of Jean Coutu Group PJC from an “underweight” rating to an “equal weight” rating and raised their price target for the company from C$17.00 to C$24.00 in a report on Tuesday, October 3rd. Desjardins raised their price target 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. Finally, TD Securities raised their price target on shares of Jean Coutu Group PJC from C$21.00 to C$24.50 and gave the company a “hold” rating in a report on Thursday, September 28th.

Shares of Jean Coutu Group PJC (TSE PJC.A) traded down C$0.06 during trading hours on Monday, hitting C$24.45. 74,224 shares of the company’s stock were exchanged, compared to its average volume of 154,541. Jean Coutu Group PJC has a 52 week low of C$19.24 and a 52 week high of C$24.90.

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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.

Analyst Recommendations for Jean Coutu Group PJC (TSE:PJC.A)

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