Jamieson Wellness (TSE:JWEL) Hits New 12-Month High Following Analyst Upgrade

Jamieson Wellness Inc. (TSE:JWEL)’s share price hit a new 52-week high during mid-day trading on Tuesday after National Bank Financial raised their price target on the stock from C$40.50 to C$45.00. National Bank Financial currently has an outperform rating on the stock. Jamieson Wellness traded as high as C$39.30 and last traded at C$38.19, with a volume of 62708 shares changing hands. The stock had previously closed at C$39.05.

Jamieson Wellness Trading Up 1.8%

The company’s fifty day moving average price is C$35.21 and its two-hundred day moving average price is C$35.35. 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 company has a market cap of C$1.63 billion, a price-to-earnings ratio of 27.17 and a beta of 1.59.

Jamieson Wellness Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.23 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.92 annualized dividend and a yield of 2.4%. Jamieson Wellness’s payout ratio is presently 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. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.