Jamieson Wellness (TSE:JWEL) Shares Up 0.1% – What’s Next?

Jamieson Wellness Inc. (TSE:JWEL)’s stock price was up 0.1% during mid-day trading on Tuesday . The stock traded as high as C$33.98 and last traded at C$33.65. Approximately 111,868 shares were traded during trading, an increase of 31% from the average daily volume of 85,245 shares. The stock had previously closed at C$33.62.

Analyst Ratings Changes

Several analysts recently issued reports on JWEL shares. TD Securities increased their target price on Jamieson Wellness from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce set a C$43.00 price target on Jamieson Wellness and gave the company an “outperform” rating in a report on Tuesday, March 24th. Finally, National Bank Financial raised their price target on Jamieson Wellness from C$40.50 to C$45.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Jamieson Wellness presently has an average rating of “Buy” and an average price target of C$44.00.

Jamieson Wellness Price Performance

The firm has a market cap of C$1.40 billion, a PE ratio of 23.05 and a beta of 1.46. The firm has a fifty day simple moving average of C$34.86 and a two-hundred day simple moving average of C$34.76. The company has a debt-to-equity ratio of 97.24, a quick ratio of 1.08 and a current ratio of 2.59.

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

Jamieson Wellness Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, March 6th. Jamieson Wellness’s dividend payout ratio (DPR) is currently 60.27%.

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.