Jamieson Wellness (TSE:JWEL) Reaches New 12-Month High – What’s Next?

Jamieson Wellness Inc. (TSE:JWEL) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$43.00 and last traded at C$41.73, with a volume of 136272 shares. The stock had previously closed at C$36.39.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Securities boosted their target price on Jamieson Wellness from C$46.00 to C$48.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Canadian Imperial Bank of Commerce set a C$43.00 price target on Jamieson Wellness and gave the company an “outperform” rating in a report on Tuesday, March 24th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$44.50.

Jamieson Wellness Price Performance

The company has a current ratio of 3.58, a quick ratio of 1.08 and a debt-to-equity ratio of 96.64. The stock has a fifty day simple moving average of C$35.19 and a 200-day simple moving average of C$35.05. The stock has a market cap of C$1.70 billion, a price-to-earnings ratio of 23.71 and a beta of 1.53.

Jamieson Wellness (TSE:JWEL) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. Jamieson Wellness had a return on equity of 15.25% and a net margin of 8.71%.The company had revenue of C$169.75 million during the quarter. As a group, equities research analysts expect that Jamieson Wellness Inc. will post 2.1438892 EPS for the current year.

Jamieson Wellness Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. Jamieson Wellness’s dividend payout ratio is 52.02%.

Jamieson Wellness Company Profile

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.