Royal Bank Of Canada Downgrades Jamieson Wellness (TSE:JWEL) to Sector Perform

Key Points

• Royal Bank of Canada downgraded Jamieson Wellness from “outperform” to “sector perform” and lowered its price target slightly to C$45.75, implying only 0.42% upside.
• Recent analyst actions have generally become more cautious: Stifel Nicolaus and TD moved to “hold,” while CIBC issued a “tender” rating. The stock now has a consensus “Hold” rating and an average target of C$46.43.
• Jamieson Wellness shares traded near their 52-week high at C$45.56, while the company recently reported C$0.46 in quarterly EPS and C$233.84 million in revenue.

Jamieson Wellness (TSE:JWEL - Get Free Report) was downgraded by equities researchers at Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report issued on Monday,BayStreet.CA reports. They presently have a C$45.75 target price on the stock, down from their prior target price of C$46.00. Royal Bank Of Canada's price objective would suggest a potential upside of 0.42% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus cut Jamieson Wellness from a "buy" rating to a "hold" rating and lifted their target price for the company from C$45.00 to C$45.75 in a research note on Friday. 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. Finally, Canadian Imperial Bank of Commerce lowered 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 report on Friday. 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 a consensus rating of "Hold" and an average target price of C$46.43.

Jamieson Wellness Price Performance

Jamieson Wellness stock traded up C$0.08 during mid-day trading on Monday, hitting C$45.56. 307,739 shares of the company were exchanged, compared to its average volume of 100,432. The company has a quick ratio of 1.08, a current ratio of 3.41 and a debt-to-equity ratio of 93.69. The business has a fifty day moving average of C$39.62 and a 200 day moving average of C$36.77. Jamieson Wellness has a 1-year low of C$32.54 and a 1-year high of C$45.65. The company has a market capitalization of C$1.89 billion, a PE ratio of 26.34 and a beta of 1.48.

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

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.

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