Jamieson Wellness (TSE:JWEL) Cut to Tender at National Bank Financial

National Bank Financial downgraded shares of Jamieson Wellness (TSE:JWEL) from an outperform rating to a tender rating in a report released on Monday morning,BayStreet reports. National Bank Financial currently has C$45.75 target price on the stock, down from their prior target price of C$51.00.

A number of other brokerages have also weighed in on JWEL. 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 company from C$44.00 to C$45.75 in a report on Friday, August 7th. Royal Bank Of Canada cut Jamieson Wellness from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$46.00 to C$45.75 in a research note on Monday, August 10th. TD downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and increased their price target for the stock from C$48.00 to C$49.00 in a research report on Monday, August 10th. Stifel Nicolaus downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$45.00 to C$45.75 in a report on Friday, August 7th. Finally, Canaccord Genuity Group cut shares of Jamieson Wellness from a “buy” rating to a “hold” rating and increased their target price for the stock from C$44.50 to C$45.75 in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$46.54.

Jamieson Wellness Stock Performance

JWEL opened at C$45.40 on Monday. Jamieson Wellness has a fifty-two week low of C$32.54 and a fifty-two week high of C$45.88. The company has a debt-to-equity ratio of 93.69, a quick ratio of 1.08 and a current ratio of 3.41. The company has a fifty day moving average of C$43.10 and a 200 day moving average of C$38.00. The stock has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 24.81 and a beta of 1.48.

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

Jamieson Wellness Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, August 31st. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.23. Jamieson Wellness’s dividend payout ratio (DPR) is 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.