Jamieson Wellness (TSE:JWEL) Price Target Raised to C$39.00

Jamieson Wellness (TSE:JWELGet Rating) had its price target upped by research analysts at Scotiabank from C$37.00 to C$39.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 1.22% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised shares of Jamieson Wellness from a “market perform” rating to a “buy” rating and raised their price objective for the company from C$37.00 to C$42.00 in a research note on Monday, May 9th. Royal Bank of Canada reduced their price objective on shares of Jamieson Wellness from C$43.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. CIBC reduced their price objective on shares of Jamieson Wellness from C$44.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Finally, Eight Capital raised their price objective on shares of Jamieson Wellness from C$44.00 to C$46.00 and gave the company a “na” rating in a research note on Thursday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$43.41.

JWEL stock traded up C$2.08 during midday trading on Thursday, reaching C$38.53. The company’s stock had a trading volume of 37,111 shares, compared to its average volume of 72,728. Jamieson Wellness has a 52 week low of C$32.02 and a 52 week high of C$41.74. The stock has a market cap of C$1.54 billion and a PE ratio of 28.99. The company has a quick ratio of 1.19, a current ratio of 2.83 and a debt-to-equity ratio of 46.51. The business’s 50-day simple moving average is C$34.25 and its 200-day simple moving average is C$36.24.

About Jamieson Wellness (Get Rating)

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells natural health products in Canada and internationally. The company operates in two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment offers health products for humans, including vitamins, herbals, and mineral nutritional supplements; and over-the-counter remedies under the Jamieson and Lorna Vanderhaeghe brands, as well as sports nutrition products under the Progressive, Precision, and Iron Vegan brands.

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