Brokerages Set Jamieson Wellness Inc. (TSE:JWEL) Target Price at C$34.69

Jamieson Wellness Inc. (TSE:JWEL) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$34.69.

JWEL has been the topic of several recent research reports. National Bankshares decreased their price objective on Jamieson Wellness from C$38.50 to C$36.00 in a report on Thursday, March 14th. Eight Capital reduced their price objective on Jamieson Wellness from C$46.00 to C$38.00 in a research note on Thursday, March 14th. Royal Bank of Canada boosted their target price on Jamieson Wellness from C$31.00 to C$32.00 in a research report on Friday, May 10th. CIBC dropped their price objective on Jamieson Wellness from C$28.00 to C$27.00 in a report on Friday, May 10th. Finally, Stifel Nicolaus lowered their price target on Jamieson Wellness from C$45.00 to C$42.00 in a report on Thursday, March 14th.

Jamieson Wellness Stock Down 1.2 %

Shares of JWEL stock opened at C$26.00 on Tuesday. The stock’s 50 day simple moving average is C$26.23 and its 200 day simple moving average is C$28.76. The company has a debt-to-equity ratio of 95.32, a quick ratio of 1.08 and a current ratio of 3.23. Jamieson Wellness has a twelve month low of C$22.10 and a twelve month high of C$32.41. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 31.71 and a beta of 0.58.

Jamieson Wellness Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, May 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.92%. Jamieson Wellness’s dividend payout ratio (DPR) is presently 92.68%.

About Jamieson Wellness

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.