Jamieson Wellness (TSE:JWEL) Hits New 12-Month High – Here’s What Happened

Jamieson Wellness Inc. (TSE:JWEL)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$43.00 and last traded at C$41.73, with a volume of 136272 shares trading hands. The stock had previously closed at C$36.39.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JWEL. Canadian Imperial Bank of Commerce set a C$43.00 price objective on Jamieson Wellness and gave the stock an “outperform” rating in a research note on Tuesday, March 24th. TD Securities lifted their target price on Jamieson Wellness from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$44.50.

Jamieson Wellness Trading Up 13.8%

The company has a debt-to-equity ratio of 96.64, a quick ratio of 1.08 and a current ratio of 3.58. The company has a market capitalization of C$1.72 billion, a P/E ratio of 23.93 and a beta of 1.53. The company’s fifty day simple moving average is C$34.94 and its 200-day simple moving average is C$34.96.

Jamieson Wellness (TSE:JWEL) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. Jamieson Wellness had a net margin of 8.71% and a return on equity of 15.25%. The business had revenue of C$169.75 million during the quarter. Research analysts predict that Jamieson Wellness Inc. will post 2.1438892 earnings per share for the current year.

Jamieson Wellness Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, June 1st. Jamieson Wellness’s dividend payout ratio (DPR) is presently 52.02%.

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.