Jamieson Wellness (TSE:JWEL) Cut to “Sector Perform” at Royal Bank Of Canada

Royal Bank Of Canada cut shares of Jamieson Wellness (TSE:JWEL) from an outperform rating to a sector perform rating in a report released on Monday,BayStreet.CA reports. They currently have C$45.75 price objective on the stock, down from their prior price objective of C$46.00.

A number of other brokerages have also recently commented on JWEL. TD cut Jamieson Wellness from a “buy” rating to a “hold” rating and upped their price target for the company from C$48.00 to C$49.00 in a research note on Monday. Canadian Imperial Bank of Commerce lowered shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and lifted their price objective for the stock from C$44.00 to C$45.75 in a research note on Friday, August 7th. Finally, Stifel Nicolaus cut shares of 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 report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Jamieson Wellness presently has an average rating of “Hold” and an average target price of C$46.43.

Jamieson Wellness Trading Down 0.4%

TSE JWEL opened at C$45.55 on Monday. Jamieson Wellness has a 12 month low of C$32.54 and a 12 month high of C$45.76. The stock has a 50-day simple moving average of C$40.28 and a 200 day simple moving average of C$36.98. The company has a current ratio of 3.41, a quick ratio of 1.08 and a debt-to-equity ratio of 93.69. The company has a market capitalization of C$1.89 billion, a PE ratio of 24.89 and a beta of 1.48.

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

Jamieson Wellness Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. Jamieson Wellness’s dividend payout ratio (DPR) is presently 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.