Jamieson Wellness (TSE:JWEL) Downgraded by Stifel Nicolaus to “Hold”

Stifel Nicolaus lowered shares of Jamieson Wellness (TSE:JWEL) from a buy rating to a hold rating in a research report sent to investors on Friday,BayStreet.CA reports. Stifel Nicolaus currently has C$45.75 price objective on the stock, up from their previous price objective of C$45.00.

Separately, Canadian Imperial Bank of Commerce lowered shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and boosted their price objective for the stock from C$44.00 to C$45.75 in a research report on Friday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$46.12.

Jamieson Wellness Trading Up 9.6%

TSE JWEL opened at C$45.48 on Friday. The stock has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 26.29 and a beta of 1.48. The stock’s 50 day moving average price is C$39.62 and its two-hundred day moving average price is C$36.75. The company has a debt-to-equity ratio of 96.64, a quick ratio of 1.08 and a current ratio of 3.58. Jamieson Wellness has a 52 week low of C$32.54 and a 52 week high of C$45.65.

Jamieson Wellness (TSE:JWEL) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$233.84 million during the quarter. Jamieson Wellness had a net margin of 8.71% and a return on equity of 15.25%. As a group, analysts anticipate that Jamieson Wellness will post 2.1438892 earnings per share for the current fiscal year.

Jamieson Wellness Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. Jamieson Wellness’s dividend payout ratio is presently 52.02%.

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.