Neighbourly Pharmacy (TSE:NBLY) PT Lowered to C$20.00

Neighbourly Pharmacy (TSE:NBLYGet Rating) had its price objective reduced by analysts at BMO Capital Markets from C$22.50 to C$20.00 in a report released on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 3.63% from the stock’s current price.

A number of other research firms have also issued reports on NBLY. Scotiabank lowered their target price on Neighbourly Pharmacy from C$37.00 to C$35.00 in a research note on Friday, August 26th. TD Securities reduced their target price on Neighbourly Pharmacy from C$35.00 to C$33.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Royal Bank of Canada cut their price target on Neighbourly Pharmacy from C$38.00 to C$37.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. National Bankshares lowered their target price on Neighbourly Pharmacy from C$26.50 to C$25.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 4th. Finally, Desjardins lowered their target price on Neighbourly Pharmacy from C$26.00 to C$25.00 in a research report on Wednesday, August 3rd.

Neighbourly Pharmacy Trading Down 2.0 %

TSE:NBLY traded down C$0.40 on Friday, hitting C$19.30. 19,120 shares of the stock were exchanged, compared to its average volume of 48,533. The stock has a market capitalization of C$854.64 million and a PE ratio of 3.84. The company has a debt-to-equity ratio of 39.91, a quick ratio of 0.75 and a current ratio of 1.54. The business has a fifty day moving average of C$20.99. Neighbourly Pharmacy has a fifty-two week low of C$19.00 and a fifty-two week high of C$40.07.

Neighbourly Pharmacy Company Profile

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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 in 275 locations under the various banners, such as IDA/Guardian, Pharmachoice, Pharmasave, Remedy's RX, and Drug Trading.

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