Jamieson Wellness Inc. (TSE:JWEL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Jamieson Wellness Inc. (TSE:JWEL) have been given an average rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$46.54.

A number of equities research analysts have recently issued reports on JWEL shares. National Bank Financial downgraded shares of Jamieson Wellness from an “outperform” rating to a “tender” rating and cut their price objective for the company from C$51.00 to C$45.75 in a research report on Monday. Canaccord Genuity Group downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their target price for the company from C$44.50 to C$45.75 in a research report on Monday, August 10th. Royal Bank Of Canada downgraded Jamieson Wellness from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$46.00 to C$45.75 in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce lowered 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 cut Jamieson Wellness from a “buy” rating to a “hold” rating and upped their price target for the stock from C$45.00 to C$45.75 in a research report on Friday, August 7th.

Jamieson Wellness Stock Performance

Shares of TSE JWEL opened at C$45.41 on Friday. Jamieson Wellness has a 12-month low of C$32.54 and a 12-month high of C$45.88. The firm has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 24.81 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. The firm has a 50 day moving average of C$43.20 and a 200 day moving average of C$38.06.

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

Jamieson Wellness Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, August 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. Jamieson Wellness’s dividend 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.