Jamieson Wellness (TSE:JWEL) Given New C$45.00 Price Target at National Bank Financial

Jamieson Wellness (TSE:JWEL) had its price objective hoisted by National Bank Financial from C$40.50 to C$45.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Jamieson Wellness Stock Down 2.2%

Shares of JWEL opened at C$38.19 on Monday. The stock’s 50-day moving average price is C$35.09 and its two-hundred day moving average price is C$35.34. Jamieson Wellness has a 12 month low of C$27.90 and a 12 month high of C$39.30. The company has a market capitalization of C$1.60 billion, a PE ratio of 26.71 and a beta of 1.59. The company has a current ratio of 2.76, a quick ratio of 1.08 and a debt-to-equity ratio of 75.70.

Jamieson Wellness Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Jamieson Wellness’s dividend payout ratio is currently 60.14%.

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.