Analysts Set Neighbourly Pharmacy Inc. (TSE:NBLY) Price Target at C$22.50

Neighbourly Pharmacy Inc. (TSE:NBLYGet Free Report) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$22.50.

Several research firms have recently issued reports on NBLY. Cormark decreased their price objective on shares of Neighbourly Pharmacy from C$20.50 to C$18.50 in a research report on Tuesday, December 19th. National Bankshares decreased 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, BMO Capital Markets lifted their price objective on shares of Neighbourly Pharmacy from C$18.50 to C$20.50 and gave the stock a “market perform” rating in a research report on Tuesday, December 19th.

View Our Latest Report on Neighbourly Pharmacy

Insider Activity at Neighbourly Pharmacy

In other news, Senior Officer Stephen Richard Losty sold 2,711 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of C$15.81, for a total value of C$42,860.91. 0.42% of the stock is owned by corporate insiders.

Neighbourly Pharmacy Stock Performance

TSE:NBLY opened at C$18.30 on Wednesday. The company has a market cap of C$819.84 million, a price-to-earnings ratio of -21.53 and a beta of 0.29. The company has a fifty day simple moving average of C$17.21 and a two-hundred day simple moving average of C$16.69. Neighbourly Pharmacy has a 52 week low of C$12.05 and a 52 week high of C$25.00. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 56.99.

Neighbourly Pharmacy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, December 19th were given a $0.045 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.18 dividend on an annualized basis and a yield of 0.98%. Neighbourly Pharmacy’s dividend payout ratio (DPR) is presently -21.18%.

About Neighbourly Pharmacy

(Get Free Report

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.

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Analyst Recommendations for Neighbourly Pharmacy (TSE:NBLY)

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