Neighbourly Pharmacy (TSE:NBLY) Sets New 1-Year Low After Analyst Downgrade

Neighbourly Pharmacy Inc. (TSE:NBLYGet Rating) shares reached a new 52-week low during mid-day trading on Wednesday after National Bankshares lowered their price target on the stock from C$26.50 to C$25.00. National Bankshares currently has a sector perform rating on the stock. Neighbourly Pharmacy traded as low as C$20.61 and last traded at C$20.61, with a volume of 7891 shares changing hands. The stock had previously closed at C$21.13.

Several other equities research analysts have also recently weighed in on the company. Scotiabank lowered their target price on Neighbourly Pharmacy from C$41.00 to C$37.00 in a report on Saturday, June 25th. BMO Capital Markets lowered their target price on Neighbourly Pharmacy from C$25.00 to C$22.50 in a report on Wednesday. Desjardins lowered their target price on Neighbourly Pharmacy from C$26.00 to C$25.00 in a report on Wednesday. Royal Bank of Canada decreased their price objective on Neighbourly Pharmacy from C$38.00 to C$37.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, TD Securities decreased their price objective on Neighbourly Pharmacy from C$35.00 to C$33.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th.

Neighbourly Pharmacy Stock Performance

The company has a debt-to-equity ratio of 39.61, a current ratio of 1.56 and a quick ratio of 0.83. The company has a market cap of C$898.92 million and a PE ratio of -7.91. The company has a 50 day simple moving average of C$23.65.

Neighbourly Pharmacy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 27th. Investors of record on Tuesday, September 27th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, August 29th. Neighbourly Pharmacy’s dividend payout ratio is currently -5.77%.

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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