Jamieson Wellness Inc. (TSE:JWEL) Stock Has Consensus Price Target of C$46.54 According to Brokerages

Shares of Jamieson Wellness Inc. (TSE:JWEL) have been assigned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$46.07.

A number of research firms have commented on JWEL. TD downgraded Jamieson Wellness from a “hold” rating to a “sell” rating and decreased their target price for the stock from C$49.00 to C$45.75 in a research report on Friday. Stifel Nicolaus cut shares of Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$45.00 to C$45.75 in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce downgraded shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and upped their price target for the company from C$44.00 to C$45.75 in a report on Friday, August 7th. National Bank Financial cut shares of Jamieson Wellness from an “outperform” rating to a “tender” rating and dropped their price objective for the stock from C$51.00 to C$45.75 in a research note on Monday, August 31st. Finally, Royal Bank Of Canada downgraded Jamieson Wellness from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$46.00 to C$45.75 in a research report on Monday, August 10th.

Jamieson Wellness Trading Up 0.1%

Shares of Jamieson Wellness stock opened at C$45.48 on Tuesday. The company has a 50-day moving average of C$44.91 and a two-hundred day moving average of C$39.42. Jamieson Wellness has a 12-month low of C$32.54 and a 12-month high of C$45.88. 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 stock has a market cap of C$1.89 billion, a PE ratio of 24.85 and a beta of 1.37.

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

Jamieson Wellness Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 2.2%. Jamieson Wellness’s dividend payout ratio (DPR) is 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.