Jamieson Wellness Inc. (TSE:JWEL) Stock Has Consensus Target Price of C$46.07

Jamieson Wellness Inc. (TSE:JWEL) has been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$46.07.

Several equities research analysts have recently commented on JWEL shares. Canadian Imperial Bank of Commerce downgraded shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and lifted their price objective for the stock from C$44.00 to C$45.75 in a research note on Friday, August 7th. National Bank Financial downgraded Jamieson Wellness from an “outperform” rating to a “tender” rating and cut their target price for the company from C$51.00 to C$45.75 in a research report on Monday, August 31st. Stifel Nicolaus cut Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$45.00 to C$45.75 in a research report on Friday, August 7th. Royal Bank Of Canada downgraded Jamieson Wellness from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$46.00 to C$45.75 in a report on Monday, August 10th. Finally, TD lowered Jamieson Wellness from a “hold” rating to a “sell” rating and dropped their target price for the company from C$49.00 to C$45.75 in a research report on Friday, October 2nd.

Jamieson Wellness Stock Up 0.1%

TSE:JWEL opened at C$45.52 on Friday. Jamieson Wellness has a fifty-two week low of C$32.54 and a fifty-two week high of C$45.88. The stock has a market capitalization of C$1.89 billion, a P/E ratio of 24.87 and a beta of 1.37. 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 company’s 50-day simple moving average is C$45.50 and its 200-day simple moving average is C$39.18.

Jamieson Wellness (TSE:JWEL) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$233.84 million during the quarter. Jamieson Wellness had a return on equity of 15.93% and a net margin of 8.92%. On average, equities analysts anticipate that Jamieson Wellness will post 2.14 earnings per share for the current fiscal year.

Jamieson Wellness Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were given a dividend of $0.25 per share. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, August 31st. 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.