Jamieson Wellness (TSE:JWEL) Stock Rating Lowered by Stifel Nicolaus

Jamieson Wellness (TSE:JWEL) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Friday,BayStreet.CA reports. They currently have a C$45.75 price target on the stock, up from their prior price target of C$45.00. Stifel Nicolaus’ target price would indicate a potential upside of 0.28% from the company’s previous close.

Separately, Canadian Imperial Bank of Commerce cut Jamieson Wellness from an “outperformer” rating to a “tender” rating and lifted their price objective for the company from C$44.00 to C$45.75 in a research report on Friday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$45.30.

Jamieson Wellness Trading Up 9.9%

Shares of TSE:JWEL traded up C$4.12 on Friday, hitting C$45.62. The company had a trading volume of 1,319,560 shares, compared to its average volume of 97,442. The firm’s 50-day simple moving average is C$39.42 and its two-hundred day simple moving average is C$36.69. Jamieson Wellness has a 1 year low of C$32.54 and a 1 year high of C$45.65. The company has a quick ratio of 1.08, a current ratio of 3.58 and a debt-to-equity ratio of 96.64. The firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 26.37 and a beta of 1.48.

Jamieson Wellness (TSE:JWEL) last announced its 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 8.71% and a return on equity of 15.25%. The firm had revenue of C$233.84 million for the quarter. Equities analysts anticipate that Jamieson Wellness will post 2.1438892 earnings per share for the current fiscal 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.