Neighbourly Pharmacy (TSE:NBLY) Shares Up 0.3%

Neighbourly Pharmacy Inc. (TSE:NBLY)’s share price was up 0.3% during trading on Tuesday . The company traded as high as C$18.60 and last traded at C$18.60. Approximately 816,808 shares were traded during mid-day trading, an increase of 189% from the average daily volume of 283,112 shares. The stock had previously closed at C$18.54.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NBLY. National Bankshares lowered their target price on Neighbourly Pharmacy from C$20.50 to C$18.50 and set a “tender” rating on the stock in a research report on Monday, January 15th. TD Securities downgraded shares of Neighbourly Pharmacy from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$28.00 to C$18.50 in a report on Wednesday, February 14th. Finally, Desjardins reduced 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 report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$20.93.

Neighbourly Pharmacy Trading Up 0.3 %

The company has a debt-to-equity ratio of 58.29, a quick ratio of 0.75 and a current ratio of 1.14. The firm has a market capitalization of C$835.51 million, a P/E ratio of -25.48 and a beta of 0.29. The firm has a 50 day simple moving average of C$18.44 and a two-hundred day simple moving average of C$17.48.

Insider Activity

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

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.