Jamieson Wellness Inc. (TSE:JWEL – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$45.75 and last traded at C$45.60, with a volume of 125613 shares traded. The stock had previously closed at C$45.66.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on JWEL. Stifel Nicolaus downgraded Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price target for the company from C$45.00 to C$45.75 in a report on Friday, August 7th. Canadian Imperial Bank of Commerce lowered Jamieson Wellness from an “outperformer” rating to a “tender” rating and increased their price target for the stock from C$44.00 to C$45.75 in a research note on Friday, August 7th. Canaccord Genuity Group cut Jamieson Wellness from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$44.50 to C$45.75 in a report on Monday, August 10th. Royal Bank Of Canada downgraded 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. Finally, TD lowered Jamieson Wellness from a “buy” rating to a “hold” rating and upped their target price for the company from C$48.00 to C$49.00 in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$46.43.
View Our Latest Stock Analysis on JWEL
Jamieson Wellness Price Performance
Jamieson Wellness (TSE:JWEL – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.46 earnings per share for the quarter. The company 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%. On average, research analysts expect that Jamieson Wellness Inc. will post 2.1438892 earnings per share for the current year.
Jamieson Wellness Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, June 1st. Jamieson Wellness’s dividend 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.
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