Jamieson Wellness (TSE:JWEL) Hits New 12-Month High on Analyst Upgrade

Jamieson Wellness Inc. (TSE:JWEL)’s share price hit a new 52-week high during mid-day trading on Tuesday after National Bank Financial raised their price target on the stock from C$40.50 to C$45.00. National Bank Financial currently has an outperform rating on the stock. Jamieson Wellness traded as high as C$39.30 and last traded at C$38.19, with a volume of 62708 shares changing hands. The stock had previously closed at C$39.05.

Jamieson Wellness Price Performance

The company has a debt-to-equity ratio of 75.70, a quick ratio of 1.08 and a current ratio of 2.76. The business’s 50 day simple moving average is C$35.09 and its 200-day simple moving average is C$35.34. The stock has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 26.71 and a beta of 1.59.

Jamieson Wellness Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a $0.23 dividend. 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 60.14%.

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.