Scotia CapitalThis new analyst reduced the targets for a multitude of companies. GLTA
In a series of research reports released Monday, Scotia Capital analyst George Doumet assumed the firm’s consumer products coverage following the retirement of colleague Patricia Baker. Neighbourly Pharmacy Inc.
increase
( “sector outperform”) to $25 from $30. Average: $29.30. “When compared to its Canadian consolidator peers, NBLY boasts one of the highest EBITDA/share CAGRs from 2020 to 2023,” he said. “NBLY is currently trading at 10.7 times our F24 estimates. We believe a premium to its consolidation peers is warranted given NBLY’s stronger growth profile, its more defensive business model and its stronger FCF generation.”