Jamieson Wellness (TSE:JWEL) Cut to “Hold” at TD

TD downgraded shares of Jamieson Wellness (TSE:JWEL) from a buy rating to a hold rating in a research report report published on Monday,BayStreet.CA reports. They currently have C$49.00 price objective on the stock, up from their prior price objective of C$48.00.

JWEL has been the subject of a number of other research reports. Stifel Nicolaus cut shares of Jamieson Wellness from a “buy” rating to a “hold” rating and raised their target price for the stock from C$45.00 to C$45.75 in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce lowered shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and upped their price target for the company from C$44.00 to C$45.75 in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$46.43.

Jamieson Wellness Trading Down 0.4%

Shares of Jamieson Wellness stock opened at C$45.55 on Monday. The business has a fifty day simple moving average of C$40.28 and a two-hundred day simple moving average of C$36.98. Jamieson Wellness has a 1 year low of C$32.54 and a 1 year high of C$45.76. The company has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 24.89 and a beta of 1.48. The company has a debt-to-equity ratio of 93.69, a current ratio of 3.41 and a quick ratio of 1.08.

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

Jamieson Wellness Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.23 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.92 annualized dividend and a yield of 2.0%. Jamieson Wellness’s payout ratio is 50.27%.

About Jamieson Wellness

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.