Jamieson Wellness (TSE:JWEL) Trading at C$45.44

Jamieson Wellness Inc. (TSE:JWEL)’s stock price rose 0% on Friday. The stock traded as high as C$45.48 and last traded at C$45.44. 204,165 shares traded hands during trading, an increase of 46% from the average daily volume of 139,669 shares. The stock had previously closed at C$45.43.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Canadian Imperial Bank of Commerce downgraded Jamieson Wellness from an “outperformer” rating to a “tender” rating and increased their price target for the company from C$44.00 to C$45.75 in a report on Friday, August 7th. TD cut Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$48.00 to C$49.00 in a research note on Monday, August 10th. Stifel Nicolaus downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and upped their target price for the stock from C$45.00 to C$45.75 in a research report on Friday, August 7th. National Bank Financial lowered Jamieson Wellness from an “outperform” rating to a “tender” rating and lowered their target price for the company from C$51.00 to C$45.75 in a research note on Monday, August 31st. Finally, Canaccord Genuity Group downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and raised their target price for the company from C$44.50 to C$45.75 in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$46.54.

Jamieson Wellness Price Performance

The business’s 50 day moving average price is C$44.42 and its 200-day moving average price is C$38.93. The company has a quick ratio of 1.08, a current ratio of 3.41 and a debt-to-equity ratio of 93.69. The company has a market cap of C$1.89 billion, a PE ratio of 24.83 and a beta of 1.41.

Jamieson Wellness (TSE:JWEL) last announced its earnings results on Thursday, August 6th. The company reported C$0.46 earnings per share for the quarter. The business 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, analysts forecast that Jamieson Wellness Inc. will post 2.1438892 earnings per share for the current year.

Jamieson Wellness Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were issued a $0.25 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.23. Jamieson Wellness’s dividend payout ratio (DPR) is presently 50.27%.

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.