Jean Coutu Group PJC Inc (PJC.A) Upgraded by Barclays PLC to Equal Weight
Barclays PLC upgraded shares of Jean Coutu Group PJC Inc (TSE:PJC.A) from an underweight rating to an equal weight rating in a research note published on Tuesday morning. The firm currently has C$24.00 target price on the stock, up from their prior target price of C$17.00.
Other equities research analysts have also recently issued reports about the company. TD Securities upped their price target 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 decreased their price target on Jean Coutu Group PJC from C$20.00 to C$19.00 and set an underperform rating on the stock in a research report on Tuesday, July 4th. National Bank Financial decreased their price target on Jean Coutu Group PJC from C$25.00 to C$24.00 in a research report on Thursday, June 29th. Eight Capital decreased their price target on Jean Coutu Group PJC from C$23.00 to C$21.00 in a research report on Thursday, July 6th. Finally, Scotiabank upped their price target 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. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Jean Coutu Group PJC currently has a consensus rating of Hold and a consensus price target of C$23.00.
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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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