Jean Coutu Group SV Receives a Hold from Desjardins

By Carrie Williams

Jean Coutu Group SV (TSX: PJC.A), the Services sector company, has received a rating update from a Wall Street analyst on June 28. Analyst Keith Howlett from Desjardins remains neutral on the stock and has a C$21 price target.

Howlett has an average return of 1.6% when recommending Jean Coutu Group SV.

According to TipRanks.com, Howlett is ranked #476 out of 4600 analysts.

Jean Coutu Group SV has an analyst consensus of Moderate Sell, with a price target consensus of C$20.92.

Based on Jean Coutu Group SV’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of C$789 million and quarterly net profit of C$47.8 million. In comparison, last year the company earned revenue of C$724 million and had a net profit of C$49 million.

The Jean Coutu Group (PJC), Inc. engages in the production and trade of pharmaceutical, health care, hygiene, and beauty products. It operates through the Franchising and Generic Drugs segments.

The company’s shares closed on Thursday at $19.91.