Jamieson Wellness Inc. (TSE:JWEL) Stock Rated “Hold” by Sell-Side Brokerages

Jamieson Wellness Inc. (TSE:JWEL) has been given an average rating of “Hold” by the five analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$46.07.

Several research analysts have weighed in on JWEL shares. Stifel Nicolaus lowered shares of Jamieson Wellness from a “buy” rating to a “hold” rating and increased their target price for the stock from C$45.00 to C$45.75 in a research note on Friday, August 7th. National Bank Financial downgraded shares of Jamieson Wellness from an “outperform” rating to a “tender” rating and reduced their price target for the company from C$51.00 to C$45.75 in a research note on Monday, August 31st. TD lowered shares of Jamieson Wellness from a “hold” rating to a “sell” rating and decreased their price objective for the stock from C$49.00 to C$45.75 in a report on Friday, October 2nd. Canadian Imperial Bank of Commerce lowered shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and upped their price objective for the stock from C$44.00 to C$45.75 in a report on Friday, August 7th. Finally, Royal Bank Of Canada cut shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$46.00 to C$45.75 in a research report on Monday, August 10th.

Jamieson Wellness Stock Performance

TSE JWEL opened at C$45.60 on Friday. The stock has a market cap of C$1.89 billion, a PE ratio of 24.92 and a beta of 1.37. The company has a current ratio of 3.41, a quick ratio of 1.08 and a debt-to-equity ratio of 93.69. Jamieson Wellness has a twelve month low of C$32.54 and a twelve month high of C$45.88. The stock has a fifty day simple moving average of C$45.49 and a 200-day simple moving average of C$39.29.

Jamieson Wellness (TSE:JWEL) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.46 earnings per share (EPS) for the quarter. The firm had revenue of C$233.84 million during the quarter. Jamieson Wellness had a return on equity of 15.93% and a net margin of 8.92%. Equities analysts anticipate that Jamieson Wellness will post 2.14 earnings per share for the current year.

Jamieson Wellness Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, August 31st. Jamieson Wellness’s payout ratio is currently 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.