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

Jamieson Wellness Inc. (TSE:JWEL) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$46.54.

Several research firms have commented on JWEL. National Bank Financial downgraded Jamieson Wellness from an “outperform” rating to a “tender” rating and reduced their price objective for the company from C$51.00 to C$45.75 in a research note on Monday, August 31st. TD downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their target price for the company from C$48.00 to C$49.00 in a research note on Monday, August 10th. Canaccord Genuity Group lowered Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their target price for the company from C$44.50 to C$45.75 in a report on Monday, August 10th. Canadian Imperial Bank of Commerce cut Jamieson Wellness from an “outperformer” rating to a “tender” rating and upped their price target for the stock from C$44.00 to C$45.75 in a research note on Friday, August 7th. Finally, Royal Bank Of Canada lowered shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$46.00 to C$45.75 in a research report on Monday, August 10th.

Jamieson Wellness Trading Down 0.1%

Shares of Jamieson Wellness stock opened at C$45.46 on Friday. The company has a debt-to-equity ratio of 93.69, a quick ratio of 1.08 and a current ratio of 3.41. The company has a market capitalization of C$1.89 billion, a P/E ratio of 24.84 and a beta of 1.41. Jamieson Wellness has a 1 year low of C$32.54 and a 1 year high of C$45.88. The company’s fifty day moving average is C$43.59 and its two-hundred day moving average is C$38.32.

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

Jamieson Wellness Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, August 31st. Jamieson Wellness’s dividend payout ratio (DPR) is presently 50.27%.

About Jamieson Wellness

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.