Jamieson Wellness Inc. (TSE:JWEL) Receives C$35.47 Consensus Price Target from Analysts

Shares of Jamieson Wellness Inc. (TSE:JWEL) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$35.47.

Several equities research analysts have commented on JWEL shares. Eight Capital cut their target price on Jamieson Wellness from C$46.00 to C$38.00 in a research note on Thursday, March 14th. BMO Capital Markets reduced their target price on shares of Jamieson Wellness from C$40.00 to C$35.00 in a report on Thursday, March 14th. National Bankshares decreased their target price on shares of Jamieson Wellness from C$38.50 to C$36.00 in a research report on Thursday, March 14th. CIBC cut their price target on shares of Jamieson Wellness from C$32.00 to C$28.00 in a research report on Friday, March 15th. Finally, Stifel Nicolaus decreased their price objective on Jamieson Wellness from C$45.00 to C$42.00 in a report on Thursday, March 14th.

Jamieson Wellness Stock Performance

Shares of JWEL opened at C$26.15 on Friday. The firm’s 50 day moving average price is C$27.71 and its two-hundred day moving average price is C$28.52. The company has a debt-to-equity ratio of 91.51, a quick ratio of 1.08 and a current ratio of 2.70. Jamieson Wellness has a twelve month low of C$22.10 and a twelve month high of C$33.90. The firm has a market cap of C$1.08 billion, a P/E ratio of 24.21 and a beta of 0.57.

Jamieson Wellness Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were given a $0.19 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.91%. Jamieson Wellness’s payout ratio is 70.37%.

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.