Jamieson Wellness (TSE:JWEL) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group lowered shares of Jamieson Wellness (TSE:JWEL) from a buy rating to a hold rating in a research note published on Monday,BayStreet.CA reports. They currently have C$45.75 price target on the stock, up from their prior price target of C$44.50.

A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada cut Jamieson Wellness from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$46.00 to C$45.75 in a research report on Monday. Stifel Nicolaus lowered Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$45.00 to C$45.75 in a report on Friday, August 7th. TD cut Jamieson Wellness from a “buy” rating to a “hold” rating and increased their price target for the company from C$48.00 to C$49.00 in a research note on Monday. Finally, Canadian Imperial Bank of Commerce cut Jamieson Wellness from an “outperformer” rating to a “tender” rating and increased their price target for the company from C$44.00 to C$45.75 in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$46.43.

Jamieson Wellness Stock Down 0.4%

Shares of JWEL stock opened at C$45.55 on Monday. Jamieson Wellness has a 52-week low of C$32.54 and a 52-week high of C$45.76. The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of 24.89 and a beta of 1.48. The firm’s 50-day moving average is C$40.28 and its 200-day moving average is C$36.98. The company has a debt-to-equity ratio of 93.69, a quick ratio of 1.08 and a current ratio of 3.41.

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

Jamieson Wellness Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.0%. Jamieson Wellness’s dividend payout ratio is 50.27%.

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.