Jamieson Wellness (TSE:JWEL) Price Target Raised to C$48.00

Jamieson Wellness (TSE:JWEL) had its price target increased by TD Securities from C$46.00 to C$48.00 in a research note released on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, National Bank Financial increased their price objective on Jamieson Wellness from C$40.50 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Jamieson Wellness has a consensus rating of “Buy” and a consensus price target of C$44.25.

Jamieson Wellness Trading Down 1.5%

TSE JWEL opened at C$36.50 on Monday. The company has a debt-to-equity ratio of 97.24, a quick ratio of 1.08 and a current ratio of 2.59. The firm has a market cap of C$1.53 billion, a price-to-earnings ratio of 25.52 and a beta of 1.59. The firm has a 50 day simple moving average of C$35.77 and a 200-day simple moving average of C$35.40. Jamieson Wellness has a one year low of C$27.90 and a one year high of C$39.30.

Jamieson Wellness (TSE:JWEL) last announced its earnings results on Thursday, February 26th. The company reported C$0.90 earnings per share for the quarter. Jamieson Wellness had a net margin of 7.60% and a return on equity of 12.97%. The firm had revenue of C$277.66 million for the quarter. Equities research analysts anticipate that Jamieson Wellness will post 2.1438892 EPS for the current fiscal year.

Jamieson Wellness Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, March 6th. Jamieson Wellness’s payout ratio is 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.