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.

Wall Street Analyst Weigh In

Several brokerages recently commented on JWEL. CIBC lifted their target price on shares of Jamieson Wellness from C$42.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Thursday, June 2nd. Scotiabank upped their price objective on shares of Jamieson Wellness from C$37.00 to C$39.00 in a research note on Thursday, June 2nd. Royal Bank of Canada cut their target price on Jamieson Wellness from C$46.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Friday, August 5th. TD Securities upped their price target on Jamieson Wellness from C$45.00 to C$50.00 and gave the company a "buy" rating in a research report on Thursday, June 2nd. Finally, Eight Capital lifted their price objective on Jamieson Wellness from C$44.00 to C$46.00 and gave the stock a "na" rating in a research report on Thursday, June 2nd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$44.16.

Jamieson Wellness Stock Down 0.7 %

Shares of TSE:JWEL opened at C$37.55 on Friday. The firm has a market capitalization of C$1.56 billion and a P/E ratio of 28.23. The company has a debt-to-equity ratio of 46.51, a quick ratio of 1.19 and a current ratio of 2.83. The stock has a 50 day moving average price of C$35.76 and a 200-day moving average price of C$34.99. Jamieson Wellness has a 52-week low of C$32.02 and a 52-week high of C$41.74.

Jamieson Wellness Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Monday, May 30th. Jamieson Wellness's dividend payout ratio is currently 45.11%.