Jamieson Wellness (TSE:JWEL) Downgraded to “Sector Perform” Rating by Royal Bank Of Canada

Jamieson Wellness (TSE:JWEL) was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They currently have a C$45.75 price target on the stock, down from their prior price target of C$46.00. Royal Bank Of Canada’s target price indicates a potential upside of 0.42% from the stock’s current price.

JWEL has been the subject of several other research reports. Stifel Nicolaus lowered shares of Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price target for the company from C$45.00 to C$45.75 in a report on Friday. TD downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$48.00 to C$49.00 in a research note on Monday. Finally, Canadian Imperial Bank of Commerce lowered Jamieson Wellness from an “outperformer” rating to a “tender” rating and lifted their target price for the stock from C$44.00 to C$45.75 in a report on Friday. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$46.43.

Jamieson Wellness Trading Up 0.2%

Shares of TSE:JWEL traded up C$0.08 during mid-day trading on Monday, reaching C$45.56. The stock had a trading volume of 307,739 shares, compared to its average volume of 100,432. The firm has a 50 day simple moving average of C$39.62 and a two-hundred day simple moving average of C$36.77. Jamieson Wellness has a twelve month low of C$32.54 and a twelve month high of C$45.65. The firm has a market cap of C$1.89 billion, a PE ratio of 26.34 and a beta of 1.48. The company has a current ratio of 3.41, a quick ratio of 1.08 and a debt-to-equity ratio of 93.69.

Jamieson Wellness (TSE:JWEL) last issued its earnings results on Thursday, August 6th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$233.84 million during the quarter. Jamieson Wellness had a net margin of 8.92% and a return on equity of 15.93%. On average, research analysts predict that Jamieson Wellness will post 2.1438892 EPS for the current fiscal year.

Jamieson Wellness Company Profile

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.