Jean Coutu Group PJC Inc (TSE:PJC.A) was downgraded by Scotiabank from a “sector perform” rating to a “tender” rating in a report issued on Wednesday. They currently have a C$24.50 target price on the stock.
Several other research firms also recently issued reports on PJC.A. Eight Capital upped their price objective on shares of Jean Coutu Group PJC from C$21.00 to C$24.50 in a report on Tuesday. Barclays PLC raised shares of Jean Coutu Group PJC from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from C$17.00 to C$24.00 in a report on Tuesday, October 3rd. Desjardins upped their price objective on shares of Jean Coutu Group PJC from C$21.50 to C$24.50 and gave the stock a “sell” rating in a report on Thursday, September 28th. TD Securities upped their price objective on shares of Jean Coutu Group PJC from C$21.00 to C$24.50 and gave the stock a “hold” rating in a report on Thursday, September 28th. Finally, Royal Bank Of Canada upped their price objective on shares of Jean Coutu Group PJC from C$19.00 to C$24.50 and gave the stock an “underperform” rating in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$23.39.
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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.
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