Jamieson Wellness Inc. (TSE:JWEL) Receives Average Rating of “Moderate Buy” from Analysts

Jamieson Wellness Inc. (TSE:JWEL) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$35.47.

A number of equities research analysts have recently weighed in on the stock. TD Securities lowered shares of Jamieson Wellness from an “action list buy” rating to a “buy” rating and dropped their price objective for the company from C$42.00 to C$39.00 in a report on Thursday, March 14th. Scotiabank cut their price objective on Jamieson Wellness from C$32.00 to C$29.00 in a report on Thursday, March 14th. National Bankshares decreased their target price on Jamieson Wellness from C$38.50 to C$36.00 in a report on Thursday, March 14th. BMO Capital Markets cut their price target on shares of Jamieson Wellness from C$40.00 to C$35.00 in a report on Thursday, March 14th. Finally, Royal Bank of Canada reduced their price target on shares of Jamieson Wellness from C$35.00 to C$31.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th.

Jamieson Wellness Trading Down 0.1 %

Shares of TSE JWEL opened at C$26.15 on Friday. Jamieson Wellness has a 1-year low of C$22.10 and a 1-year high of C$34.14. The business has a fifty day moving average price of C$27.92 and a 200 day moving average price of C$28.45. The stock has a market capitalization of C$1.08 billion, a P/E ratio of 24.21 and a beta of 0.57. The company has a debt-to-equity ratio of 91.51, a current ratio of 2.70 and a quick ratio of 1.08.

Jamieson Wellness Dividend Announcement

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