Analysts Set Jamieson Wellness Inc. (TSE:JWEL) PT at C$46.43

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

JWEL has been the subject of a number of recent research reports. TD lowered Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$48.00 to C$49.00 in a report on Monday, August 10th. Canaccord Genuity Group lowered shares of Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$44.50 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 target price for the company from C$44.00 to C$45.75 in a research note on Friday, August 7th. Royal Bank Of Canada cut shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$46.00 to C$45.75 in a research note on Monday, August 10th. Finally, 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 report on Friday, August 7th.

Jamieson Wellness Stock Performance

Shares of Jamieson Wellness stock opened at C$45.61 on Monday. The firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 24.92 and a beta of 1.48. Jamieson Wellness has a one year low of C$32.54 and a one year high of C$45.76. The business has a 50-day simple moving average of C$40.69 and a 200 day simple moving average of C$37.11. The company has a debt-to-equity ratio of 93.69, a current ratio of 3.41 and a quick ratio of 1.08.

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

Jamieson Wellness Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid 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 yield of 2.0%. Jamieson Wellness’s dividend payout ratio (DPR) is currently 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.