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

Jean Coutu Group PJC (TSE:PJC.A) had its price objective lowered by Desjardins from C$25.25 to C$25.00 in a report published on Friday morning.

PJC.A has been the subject of several other reports. Royal Bank of Canada increased their price target on shares of 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 lowered shares of Jean Coutu Group PJC from a sector perform rating to a tender rating and set a C$24.50 price target for the company. in a research report on Wednesday, October 11th. TD Securities increased 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 research report on Thursday, September 28th. Eight Capital increased their price target on shares of Jean Coutu Group PJC from C$21.00 to C$24.50 in a research report on Tuesday, October 10th. Finally, Barclays upgraded shares of Jean Coutu Group PJC from an underweight rating to an equal weight rating and upped their price objective for the company from C$17.00 to C$24.00 in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Jean Coutu Group PJC presently has an average rating of Hold and an average target price of C$23.44.

Jean Coutu Group PJC (TSE:PJC.A) traded down C$0.22 during mid-day trading on Friday, hitting C$24.38. 445,313 shares of the company’s stock traded hands, compared to its average volume of 111,532. The stock has a market capitalization of $4,480.00, a price-to-earnings ratio of 24.38 and a beta of 0.35. Jean Coutu Group PJC has a 1-year low of C$19.24 and a 1-year 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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