Jamieson Wellness (TSE:JWEL) Trading Up 0.8% – Here’s Why

Jamieson Wellness Inc. (TSE:JWEL) shares rose 0.8% on Friday . The stock traded as high as C$34.75 and last traded at C$34.75. Approximately 57,463 shares changed hands during trading, a decline of 16% from the average daily volume of 68,241 shares. The stock had previously closed at C$34.46.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JWEL shares. TD Securities raised their target price on shares of Jamieson Wellness from C$42.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday, August 8th. National Bankshares increased their price target on Jamieson Wellness from C$40.00 to C$40.60 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, BMO Capital Markets lifted their price objective on Jamieson Wellness from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$42.40.

Jamieson Wellness Trading Up 0.8%

The firm has a market capitalization of C$1.46 billion, a PE ratio of 24.30 and a beta of 1.26. The company has a quick ratio of 1.08, a current ratio of 2.76 and a debt-to-equity ratio of 75.70. The stock’s fifty day simple moving average is C$34.94 and its 200 day simple moving average is C$35.47.

Jamieson Wellness (TSE:JWEL) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.35 earnings per share for the quarter. Jamieson Wellness had a net margin of 5.57% and a return on equity of 8.99%. The business had revenue of C$199.33 million for the quarter. On average, sell-side analysts predict that Jamieson Wellness Inc. will post 2.1438892 earnings per share for the current year.

Jamieson Wellness Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 15th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, December 1st. This represents a $0.92 annualized dividend and a yield of 2.6%. Jamieson Wellness’s payout ratio is 60.14%.

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.