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

Shares of Neighbourly Pharmacy Inc. (TSE:NBLY) have received an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$20.93.

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

Neighbourly Pharmacy Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 58.29. Neighbourly Pharmacy has a twelve month low of C$12.05 and a twelve month 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. The firm’s 50 day simple moving average is C$18.46 and its 200 day simple moving average is C$17.52.

Insider Activity

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

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.