Brokerages Set Jamieson Wellness Inc. (TSE:JWEL) Target Price at C$35.47

Shares of Jamieson Wellness Inc. (TSE:JWEL) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$35.47.

A number of brokerages recently commented on JWEL. National Bankshares lowered their price target on shares of Jamieson Wellness from C$38.50 to C$36.00 in a report on Thursday, March 14th. Stifel Nicolaus decreased their price objective on shares of Jamieson Wellness from C$45.00 to C$42.00 in a research note on Thursday, March 14th. Royal Bank of Canada decreased their price objective on shares of Jamieson Wellness from C$35.00 to C$31.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th. Eight Capital decreased their price objective on shares of Jamieson Wellness from C$46.00 to C$38.00 in a research note on Thursday, March 14th. Finally, Scotiabank decreased their price objective on shares of Jamieson Wellness from C$32.00 to C$29.00 in a research note on Thursday, March 14th.

Jamieson Wellness Trading Up 1.4 %

Shares of Jamieson Wellness stock opened at C$26.51 on Friday. The firm has a market cap of C$1.10 billion, a price-to-earnings ratio of 24.55 and a beta of 0.57. The business has a 50-day moving average price of C$27.78 and a 200-day moving average price of C$28.51. The company has a quick ratio of 1.08, a current ratio of 2.70 and a debt-to-equity ratio of 91.51. Jamieson Wellness has a twelve month low of C$22.10 and a twelve month high of C$34.14.

Jamieson Wellness Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, February 29th. Jamieson Wellness’s dividend payout ratio is currently 70.37%.

Jamieson Wellness Company Profile

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.