Jamieson Wellness - JWEL Stock Forecast, Price & News

Jamieson Wellness Inc., together with its subsidiaries, develops, manufactures, distributes, markets, and sells natural health products in Canada and internationally. The company operates in two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment offers health products for humans, including vitamins, herbals, and mineral nutritional supplements; and over-the-counter remedies under the Jamieson and Lorna Vanderhaeghe brands, as well as sports nutrition products under the Progressive, Precision, and Iron Vegan brands. The Strategic Partners segment provides manufacturing and product development services on a contract manufacturing basis to blue-chip consumer health companies and retailers. Jamieson Wellness Inc. sells its products to distributors, and retail and wholesale customers. The company was formerly known as Jamieson Intermediate Holdings Ltd. and changed its name to Jamieson Wellness Inc. in May 2017. Jamieson Wellness Inc. was founded in 1922 and is headquartered in Toronto, Canada.

Jamieson Wellness Price Performance

JWEL traded up C$0.96 during trading on Friday, reaching C$37.03. 95,410 shares of the company traded hands, compared to its average volume of 66,925. The company has a debt-to-equity ratio of 46.51, a quick ratio of 1.19 and a current ratio of 2.83. Jamieson Wellness has a 12-month low of C$32.02 and a 12-month high of C$41.74. The firm has a fifty day simple moving average of C$35.63 and a 200 day simple moving average of C$34.95. The company has a market cap of C$1.50 billion and a P/E ratio of 27.84.

Jamieson Wellness Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Monday, May 30th. Jamieson Wellness's dividend payout ratio (DPR) is presently 43.23%.

Wall Street Analyst Weigh In

JWEL has been the subject of several analyst reports. TD Securities increased their target price on shares of Jamieson Wellness from C$45.00 to C$50.00 and gave the stock a "buy" rating in a report on Thursday, June 2nd. BMO Capital Markets raised shares of Jamieson Wellness from a "market perform" rating to a "buy" rating and increased their target price for the stock from C$37.00 to C$42.00 in a report on Monday, May 9th. Eight Capital increased their target price on shares of Jamieson Wellness from C$44.00 to C$46.00 and gave the stock a "na" rating in a report on Thursday, June 2nd. National Bankshares increased their target price on shares of Jamieson Wellness from C$42.75 to C$46.25 and gave the stock an "outperform" rating in a report on Thursday, June 2nd. Finally, Royal Bank of Canada reduced their target price on shares of Jamieson Wellness from C$46.00 to C$45.00 and set an "outperform" rating for the company in a report on Friday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Jamieson Wellness has an average rating of "Buy" and an average price target of C$44.16.