Jamieson Wellness (TSE:JWEL) Downgraded by Canadian Imperial Bank of Commerce to “Tender”

Jamieson Wellness (TSE:JWEL) was downgraded by research analysts at Canadian Imperial Bank of Commerce from an “outperformer” rating to a “tender” rating in a report issued on Friday,BayStreet.CA reports. They presently have a C$45.75 price objective on the stock, up from their previous price objective of C$44.00. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 0.28% from the stock’s previous close.

Jamieson Wellness Price Performance

JWEL traded up C$4.12 on Friday, reaching C$45.62. The company had a trading volume of 1,319,560 shares, compared to its average volume of 97,442. The business has a 50 day simple moving average of C$39.42 and a 200 day simple moving average of C$36.69. The company has a market cap of C$1.89 billion, a price-to-earnings ratio of 26.37 and a beta of 1.48. 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 released its quarterly earnings results on Thursday, August 6th. The company reported C$0.46 EPS for the quarter. The business 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, sell-side analysts anticipate that Jamieson Wellness will post 2.1438892 EPS 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.