Jamieson Wellness (TSE:JWEL) Hits New 1-Year High – Here’s Why

Jamieson Wellness Inc. (TSE:JWEL) shares reached a new 52-week high on Friday . The stock traded as high as C$45.75 and last traded at C$45.60, with a volume of 125613 shares changing hands. The stock had previously closed at C$45.66.

Analyst Ratings Changes

A number of research firms recently weighed in on JWEL. Canaccord Genuity Group downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and upped their price target for the stock from C$44.50 to C$45.75 in a research note on Monday. Stifel Nicolaus downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$45.00 to C$45.75 in a report on Friday, August 7th. TD lowered shares of Jamieson Wellness from a “buy” rating to a “hold” rating and upped their target price for the stock from C$48.00 to C$49.00 in a report on Monday. Royal Bank Of Canada lowered shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$46.00 to C$45.75 in a research note on Monday. Finally, Canadian Imperial Bank of Commerce cut Jamieson Wellness from an “outperformer” rating to a “tender” rating and lifted their target price for the stock from C$44.00 to C$45.75 in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Jamieson Wellness presently has an average rating of “Hold” and an average target price of C$46.43.

Jamieson Wellness Stock Performance

The company has a quick ratio of 1.08, a current ratio of 3.41 and a debt-to-equity ratio of 93.69. The company has a 50-day moving average of C$40.48 and a 200 day moving average of C$37.04. The firm has a market capitalization of C$1.89 billion, a PE ratio of 24.93 and a beta of 1.48.

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

Jamieson Wellness Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a $0.23 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. Jamieson Wellness’s payout ratio 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.