Jamieson Wellness Inc. (TSE:JWEL) Receives C$34.38 Consensus PT from Brokerages

Shares of Jamieson Wellness Inc. (TSE:JWEL) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$34.38.

Several research firms have recently issued reports on JWEL. TD Securities boosted their target price on Jamieson Wellness from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. 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. Finally, CIBC decreased their target price on Jamieson Wellness from C$28.00 to C$27.00 in a research report on Friday, May 10th.

Jamieson Wellness Stock Performance

Shares of TSE:JWEL opened at C$32.34 on Friday. Jamieson Wellness has a twelve month low of C$22.10 and a twelve month high of C$33.14. The firm has a market cap of C$1.34 billion, a PE ratio of 39.44 and a beta of 0.58. The company has a debt-to-equity ratio of 95.32, a quick ratio of 1.08 and a current ratio of 3.23. The business has a fifty day moving average of C$29.72 and a 200-day moving average of C$28.55.

Jamieson Wellness Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were given a $0.19 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.76 annualized dividend and a yield of 2.35%. Jamieson Wellness’s dividend payout ratio is presently 92.68%.

Insider Activity

In related news, Director Tania M. Clarke purchased 4,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was bought at an average price of C$26.47 per share, with a total value of C$105,888.00. Insiders own 0.23% of the company’s stock.

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.