Jamieson Wellness Inc. (TSE:JWEL) Given Average Rating of “Hold” by Brokerages

Jamieson Wellness Inc. (TSE:JWEL) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$46.43.

JWEL has been the subject of a number of research reports. Royal Bank Of Canada cut shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$46.00 to C$45.75 in a report on Monday. Canadian Imperial Bank of Commerce cut 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 research report on Friday. Canaccord Genuity Group downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and upped their price objective for the company from C$44.50 to C$45.75 in a research note on Monday. Stifel Nicolaus cut Jamieson Wellness from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$45.00 to C$45.75 in a research report on Friday. Finally, TD downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their target price for the company from C$48.00 to C$49.00 in a research note on Monday.

Jamieson Wellness Stock Performance

Shares of Jamieson Wellness stock traded up C$0.12 during trading on Monday, reaching C$45.60. The company’s stock had a trading volume of 407,744 shares, compared to its average volume of 100,600. The company has a 50-day moving average price of C$39.62 and a two-hundred day moving average price of C$36.77. Jamieson Wellness has a fifty-two week low of C$32.54 and a fifty-two week high of C$45.67. The firm has a market cap of C$1.89 billion, a PE ratio of 26.36 and a beta of 1.48. The company has a current ratio of 3.41, a quick ratio of 1.08 and a debt-to-equity ratio of 93.69.

Jamieson Wellness (TSE:JWEL) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.46 earnings per share for the quarter. Jamieson Wellness had a net margin of 8.92% and a return on equity of 15.93%. The firm had revenue of C$233.84 million during the quarter. On average, analysts forecast that Jamieson Wellness will post 2.1438892 EPS for the current year.

Jamieson Wellness Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. Jamieson Wellness’s dividend payout ratio (DPR) is currently 52.02%.

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.