Jamieson Wellness (TSE:JWEL) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Jamieson Wellness Inc. (TSE:JWEL) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$45.50 and traded as high as C$45.55. Jamieson Wellness shares last traded at C$45.52, with a volume of 388,495 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JWEL. National Bank Financial cut shares of Jamieson Wellness from an “outperform” rating to a “tender” rating and dropped their price objective for the company from C$51.00 to C$45.75 in a report on Monday, August 31st. Royal Bank Of Canada cut shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$46.00 to C$45.75 in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce cut shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and raised their price target for the company from C$44.00 to C$45.75 in a research report on Friday, August 7th. Canaccord Genuity Group downgraded shares of Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$44.50 to C$45.75 in a research note on Monday, August 10th. Finally, TD lowered Jamieson Wellness from a “hold” rating to a “sell” rating and cut their price objective for the stock from C$49.00 to C$45.75 in a research report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$46.07.

Jamieson Wellness Stock Up 0.1%

The firm has a 50 day moving average price of C$45.49 and a 200-day moving average price of C$39.29. The company has a current ratio of 3.41, a quick ratio of 1.08 and a debt-to-equity ratio of 93.69. The firm has a market cap of C$1.89 billion, a PE ratio of 24.92 and a beta of 1.37.

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

Jamieson Wellness Increases Dividend

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