BMO Capital Markets Cuts Neighbourly Pharmacy (TSE:NBLY) Price Target to C$20.00

Neighbourly Pharmacy (TSE:NBLYGet Rating) had its price target reduced by research analysts at BMO Capital Markets from C$22.50 to C$20.00 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 3.63% from the company’s current price.

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

Neighbourly Pharmacy Price Performance

Shares of NBLY stock traded down C$0.40 during mid-day trading on Friday, hitting C$19.30. The company had a trading volume of 19,120 shares, compared to its average volume of 48,533. The company has a 50 day simple moving average of C$20.99. Neighbourly Pharmacy has a 52-week low of C$19.00 and a 52-week high of C$40.07. The stock has a market capitalization of C$854.64 million and a P/E ratio of 3.84. The company has a debt-to-equity ratio of 39.91, a current ratio of 1.54 and a quick ratio of 0.75.

About Neighbourly Pharmacy

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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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