Jean Coutu Group PJC Inc (TSE:PJC.A) has earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$20.55.
Several brokerages have commented on PJC.A. Desjardins lowered Jean Coutu Group PJC from a “hold” rating to a “sell” rating and dropped their price target for the stock from C$21.00 to C$20.00 in a research note on Friday, April 28th. Royal Bank Of Canada dropped their price target on Jean Coutu Group PJC from C$20.00 to C$19.00 and set an “underperform” rating for the company in a research note on Tuesday, July 4th. CIBC upped their price target on Jean Coutu Group PJC from C$19.00 to C$22.00 in a research note on Friday, April 28th. Scotiabank upped their price target on Jean Coutu Group PJC from C$19.00 to C$22.50 and gave the stock a “sector perform” rating in a research note on Friday, April 28th. Finally, TD Securities upped their price target on Jean Coutu Group PJC from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research note 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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