Jean Coutu Group PJC (PJC.A) Price Target Lowered to C$25.00 at Desjardins

Jean Coutu Group PJC (TSE:PJC.A) had its target price dropped by stock analysts at Desjardins from C$25.25 to C$25.00 in a research report issued on Friday. Desjardins’ price objective points to a potential upside of 2.54% from the company’s current price.

A number of other research analysts have also issued reports on PJC.A. TD Securities increased their target price on Jean Coutu Group PJC from C$21.00 to C$24.50 and gave the company a “hold” rating in a research report on Thursday, September 28th. Royal Bank of Canada increased their target price on Jean Coutu Group PJC from C$19.00 to C$24.50 and gave the company an “underperform” rating in a research report on Thursday, September 28th. Scotiabank increased their target price on Jean Coutu Group PJC from C$22.50 to C$24.50 and gave the company a “sector perform” rating in a research report on Thursday, September 28th. Eight Capital increased their target price on Jean Coutu Group PJC from C$21.00 to C$24.50 in a research report on Tuesday, October 10th. Finally, Barclays upgraded Jean Coutu Group PJC from an “underweight” rating to an “equal weight” rating and increased their target price for the company from C$17.00 to C$24.00 in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$23.44.

Jean Coutu Group PJC (TSE:PJC.A) traded down C$0.22 during trading on Friday, reaching C$24.38. The company’s stock had a trading volume of 225,002 shares, compared to its average volume of 111,532. Jean Coutu Group PJC has a 1-year low of C$19.24 and a 1-year high of C$24.90. The stock has a market cap of $4,480.00, a price-to-earnings ratio of 24.38 and a beta of 0.35.

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Jean Coutu Group PJC Company Profile

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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