Neighbourly Pharmacy Inc. (TSE:NBLY) Receives Average Recommendation of “Hold” from Brokerages

Neighbourly Pharmacy Inc. (TSE:NBLY) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$20.93.

A number of research analysts have recently commented on NBLY shares. National Bankshares lowered their target price on Neighbourly Pharmacy from C$20.50 to C$18.50 and set a “tender” rating for the company in a research note on Monday, January 15th. TD Securities downgraded shares of Neighbourly Pharmacy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$28.00 to C$18.50 in a research report on Wednesday, February 14th. Finally, Desjardins dropped their price objective on shares of Neighbourly Pharmacy from C$20.00 to C$18.50 and set a “hold” rating on the stock in a research note on Wednesday, February 14th.

Insider Buying and Selling at Neighbourly Pharmacy

In other Neighbourly Pharmacy news, Senior Officer Stephen Richard Losty sold 3,033 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of C$18.36, for a total transaction of C$55,685.88. In other news, Senior Officer Stephen Richard Losty sold 3,033 shares of Neighbourly Pharmacy stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of C$18.36, for a total transaction of C$55,685.88. Also, insider Rx Sidecar GP Inc. bought 62,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of C$18.53 per share, with a total value of C$1,158,350.00. Insiders own 0.55% of the company’s stock.

Neighbourly Pharmacy Trading Up 0.3 %

TSE:NBLY opened at C$18.60 on Friday. The firm has a market capitalization of C$835.51 million, a P/E ratio of -25.48 and a beta of 0.29. Neighbourly Pharmacy has a 52 week low of C$12.05 and a 52 week high of C$23.00. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 58.29. The company has a fifty day moving average of C$18.46 and a 200 day moving average of C$17.52.

About Neighbourly Pharmacy

Neighbourly Pharmacy Inc owns and operates a chain of retail pharmacies in Canada. The company sells prescription medication, confections and food, over the counter drugs, and health and beauty aids. It operates pharmacies under the various banners, such as IDA/Guardian, Pharmachoice, Pharmasave, Remedy's RX, and Drug Trading.