Neighbourly Pharmacy Inc. (TSE:NBLY) Receives C$20.93 Average Target Price from Brokerages

Neighbourly Pharmacy Inc. (TSE:NBLY) has been given an average recommendation of “Hold” by the five analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$20.93.

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

Insider Activity at Neighbourly Pharmacy

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

Neighbourly Pharmacy Price Performance

Shares of NBLY stock opened at C$18.60 on Friday. The stock’s fifty day moving average is C$18.45 and its 200-day moving average is C$17.50. The company has a debt-to-equity ratio of 58.29, a quick ratio of 0.75 and a current ratio of 1.14. Neighbourly Pharmacy has a 52 week low of C$12.05 and a 52 week high of C$23.00. The stock has a market capitalization of C$835.51 million, a PE ratio of -25.48 and a beta of 0.29.

Neighbourly Pharmacy Company Profile

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.