Jamieson Wellness (TSE:JWEL) Cut to “Sell” at TD

TD lowered shares of Jamieson Wellness (TSE:JWEL) from a hold rating to a sell rating in a research note released on Friday,BayStreet reports. TD currently has C$45.75 price target on the stock, down from their previous price target of C$49.00.

JWEL has been the topic of a number of other reports. Royal Bank Of Canada downgraded shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$46.00 to C$45.75 in a research report on Monday, August 10th. Stifel Nicolaus cut shares of Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$45.00 to C$45.75 in a research report on Friday, August 7th. National Bank Financial downgraded shares of Jamieson Wellness from an “outperform” rating to a “tender” rating and lowered their target price for the stock from C$51.00 to C$45.75 in a research note on Monday, August 31st. Canaccord Genuity Group lowered Jamieson Wellness from a “buy” rating to a “hold” rating and increased their target price for the company from C$44.50 to C$45.75 in a report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce lowered Jamieson Wellness from an “outperformer” rating to a “tender” rating and increased their target price for the company from C$44.00 to C$45.75 in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$46.07.

Jamieson Wellness Stock Performance

Shares of JWEL opened at C$45.44 on Friday. Jamieson Wellness has a 1 year low of C$32.54 and a 1 year high of C$45.88. The stock has a market capitalization of C$1.89 billion, a PE ratio of 24.83 and a beta of 1.41. 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 stock has a 50-day simple moving average of C$44.84 and a 200-day simple moving average of C$39.33.

Jamieson Wellness (TSE:JWEL) last released 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 for the quarter. Jamieson Wellness had a net margin of 8.92% and a return on equity of 15.93%. On average, analysts predict 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 was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.23. Jamieson Wellness’s payout ratio 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.