Jamieson Wellness (TSE:JWEL) Stock Bumped Down to Sell by TD

Jamieson Wellness (TSE:JWEL) was downgraded by TD from a “hold” rating to a “sell” rating in a report released on Friday, BayStreet reports. They presently have a C$45.75 target price on the stock, down from their prior target price of C$49.00. TD’s target price would suggest a potential upside of 0.70% from the company’s current price.

Several other research firms have also weighed in on JWEL. Canaccord Genuity Group lowered shares of Jamieson Wellness from a “buy” rating to a “hold” rating and increased their target price for the stock from C$44.50 to C$45.75 in a report on Monday, August 10th. National Bank Financial cut shares of Jamieson Wellness from an “outperform” rating to a “tender” rating and lowered their price objective for the company from C$51.00 to C$45.75 in a research report on Monday, August 31st. Royal Bank Of Canada downgraded Jamieson Wellness from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$46.00 to C$45.75 in a research note on Monday, August 10th. Stifel Nicolaus lowered Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$45.00 to C$45.75 in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce cut 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 report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Jamieson Wellness presently has a consensus rating of “Hold” and an average price target of C$46.07.

Jamieson Wellness Trading Down 0.0%

Shares of TSE:JWEL traded down C$0.01 during midday trading on Friday, hitting C$45.43. The company had a trading volume of 171,309 shares, compared to its average volume of 143,925. 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 has a 12 month low of C$32.54 and a 12 month high of C$45.88. The firm has a fifty day simple moving average of C$44.75 and a 200 day simple moving average of C$39.26. The stock has a market cap of C$1.88 billion, a price-to-earnings ratio of 24.83 and a beta of 1.41.

Jamieson Wellness (TSE:JWEL) last announced 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 for the quarter. On average, analysts predict that Jamieson Wellness will post 2.1438892 EPS 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.