Jamieson Wellness Inc. (TSE:JWEL) Stock Has Average Price Target of C$46.54 According to Brokerages

Jamieson Wellness Inc. (TSE:JWEL) has been given an average recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$46.54.

JWEL has been the subject of a number of research reports. National Bank Financial downgraded Jamieson Wellness from an “outperform” rating to a “tender” rating and decreased their price target for the stock from C$51.00 to C$45.75 in a research note on Monday, August 31st. TD downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and increased their target price for the stock from C$48.00 to C$49.00 in a report on Monday, August 10th. Royal Bank Of Canada lowered 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 research report on Monday, August 10th. Canadian Imperial Bank of Commerce downgraded Jamieson Wellness from an “outperformer” rating to a “tender” rating and boosted their price target for the company from C$44.00 to C$45.75 in a report on Friday, August 7th. Finally, Stifel Nicolaus lowered Jamieson Wellness from a “buy” rating to a “hold” rating and upped their price target for the company from C$45.00 to C$45.75 in a research report on Friday, August 7th.

Jamieson Wellness Trading Up 0.0%

TSE JWEL opened at C$45.44 on Tuesday. Jamieson Wellness has a 12 month low of C$32.54 and a 12 month high of C$45.88. The company has a debt-to-equity ratio of 93.69, a current ratio of 3.41 and a quick ratio of 1.08. The company has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 24.83 and a beta of 1.41. The company’s fifty day moving average price is C$44.75 and its two-hundred day moving average price is C$39.26.

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 company 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, research analysts predict that Jamieson Wellness will post 2.1438892 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. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 31st. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 2.2%. Jamieson Wellness’s payout ratio 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.