Jamieson Wellness Inc. (TSE:JWEL) Stock Has Consensus Target Price of C$46.54 According to Brokerages

Key Points

• Analysts broadly rate Jamieson Wellness “Hold”: Four of five analysts have a hold rating and one has a buy rating, with a consensus 12-month price target of C$46.54.
• JWEL opened at C$45.45, near its 12-month high of C$45.88, while recent analyst actions mostly involved downgrades to hold or equivalent ratings despite generally higher price targets.
• The company increased its quarterly dividend to C$0.25 per share, or C$1.00 annualized, producing a 2.2% yield; its latest quarter included C$0.46 EPS and C$233.84 million in revenue.

Shares of Jamieson Wellness Inc. (TSE:JWEL - Get Free Report) have received an average recommendation of "Hold" from the five analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$46.54.

JWEL has been the subject of a number of recent analyst reports. Canaccord Genuity Group downgraded shares of Jamieson Wellness from a "buy" rating to a "hold" rating and increased their target price for the company from C$44.50 to C$45.75 in a research report on Monday, August 10th. TD downgraded shares of Jamieson Wellness from a "buy" rating to a "hold" rating and boosted their price target for the stock from C$48.00 to C$49.00 in a research report on Monday, August 10th. Stifel Nicolaus lowered shares of Jamieson Wellness from a "buy" rating to a "hold" rating and upped their price objective for the company from C$45.00 to C$45.75 in a research note on Friday, August 7th. Royal Bank Of Canada cut shares of Jamieson Wellness from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$46.00 to C$45.75 in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce downgraded shares of 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.

Jamieson Wellness Stock Up 0.0%

Shares of JWEL opened at C$45.45 on Tuesday. The stock's 50-day moving average price is C$44.50 and its two-hundred day moving average price is C$39.02. Jamieson Wellness has a 12 month low of C$32.54 and a 12 month high of C$45.88. The company has a market capitalization of C$1.89 billion, a PE ratio of 24.84 and a beta of 1.41. 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 (TSE:JWEL - Get Free Report) last issued 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 during the quarter. Jamieson Wellness had a return on equity of 15.93% and a net margin of 8.92%. On average, analysts anticipate that Jamieson Wellness will post 2.1438892 EPS for the current year.

Jamieson Wellness Increases Dividend

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