Jamieson Wellness (TSE:JWEL) Stock Rating Lowered by National Bank Financial

Jamieson Wellness (TSE:JWEL) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “tender” rating in a note issued to investors on Monday,BayStreet.CA reports. They presently have a C$45.75 price objective on the stock, down from their previous price objective of C$51.00. National Bank Financial’s target price would indicate a potential upside of 0.44% from the company’s current price.

A number of other research analysts have also commented on the company. Royal Bank Of Canada lowered Jamieson Wellness from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$46.00 to C$45.75 in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce lowered 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. TD cut Jamieson Wellness from a “buy” rating to a “hold” rating and raised their price target for the company from C$48.00 to C$49.00 in a report on Monday, August 10th. Stifel Nicolaus cut Jamieson Wellness from a “buy” rating to a “hold” rating and raised their price target for the company from C$45.00 to C$45.75 in a report on Friday, August 7th. Finally, Canaccord Genuity Group cut Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$44.50 to C$45.75 in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Jamieson Wellness currently has an average rating of “Hold” and an average target price of C$46.54.

Jamieson Wellness Price Performance

Shares of JWEL stock remained flat at C$45.55 during trading hours on Monday. 210,876 shares of the stock were exchanged, compared to its average volume of 117,566. Jamieson Wellness has a 12 month low of C$32.54 and a 12 month high of C$45.76. The company has a debt-to-equity ratio of 93.69, a quick ratio of 1.08 and a current ratio of 3.41. The business has a fifty day moving average price of C$42.55 and a two-hundred day moving average price of C$37.82. The firm has a market cap of C$1.89 billion, a P/E ratio of 24.89 and a beta of 1.48.

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

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.