RBC Downgrades Jamieson Wellness to Sector Perform

Royal Bank Of Canada has downgraded Jamieson Wellness (TSE:JWEL) to 'sector perform' from its previous rating of 'outperform', according to a report issued on Monday. The bank also lowered its target price for the stock from C$46.00 to C$45.75, indicating a potential upside of 0.42%.

The downgrade comes after other analysts have made similar moves. Stifel Nicolaus cut Jamieson Wellness's rating to 'hold' while increasing its target price to C$45.75, and TD reduced the stock's rating from 'buy' to 'hold', raising its price target to C$49.00.

Jamieson Wellness has a consensus rating of 'hold' among analysts, with an average target price of C$46.43. The company has seen its stock traded up C$0.08 on Monday, hitting C$45.56. Its market capitalization stands at C$1.89 billion.