Jamieson Wellness (TSE:JWEL) Reaches New 1-Year High on Analyst Upgrade

Shares of Jamieson Wellness Inc. (TSE:JWEL) reached a new 52-week high during mid-day trading on Tuesday after National Bank Financial raised their price target on the stock from C$40.50 to C$45.00. National Bank Financial currently has an outperform rating on the stock. Jamieson Wellness traded as high as C$39.30 and last traded at C$38.19, with a volume of 62708 shares. The stock had previously closed at C$39.05.

Jamieson Wellness Stock Up 0.3%

The stock has a fifty day moving average price of C$35.33 and a 200-day moving average price of C$35.38. The firm has a market cap of C$1.63 billion, a PE ratio of 27.26 and a beta of 1.59. The company has a debt-to-equity ratio of 75.70, a quick ratio of 1.08 and a current ratio of 2.76.

Jamieson Wellness Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, December 1st. Jamieson Wellness’s payout ratio is currently 60.14%.

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.