This company’s share price has plunged 11 per cent since closing at a record closing high on Dec. 9
On today’s TSX breakouts report, there are 98 stocks on the positive breakouts list , and 18 stocks are on the negative breakouts list , of which 15 securities are from the energy sector.MRU-T
In terms of the company’s geographical breakdown, according to the company’s fiscal 2022 annual report, 72 per cent of its food stores were located in Quebec with the balance located in Ontario . Its drugstores are located in three provinces, 82.5 per cent of its total drugstores were located in Quebec , 13 per cent in Ontario , and 4 per cent were located in New Brunswick .Of the 975 food stores, 241, or roughly 25 per cent, are discount banners - Food Basics and Super C .
The company’s dividend policy is to pay between 30 per cent and 40 per cent of its adjusted net earnings from the prior year . CIBC’s Mark Petrie has had a “neutral” call on the stock since 2016. National Bank Financial’s Vishal Shreedhar has maintained a “sector perform” call since 2015. RBC’s Irene Nattel has maintained a “sector perform” recommendation since 2017. TD’s Mike Van Aelst has had a “hold” recommendation since 2017.
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