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

Shares of Jamieson Wellness Inc. (TSE:JWEL) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$35.47.

Several research analysts have recently weighed in on JWEL shares. National Bankshares reduced their price objective on Jamieson Wellness from C$38.50 to C$36.00 in a research report on Thursday, March 14th. BMO Capital Markets decreased their price target on shares of Jamieson Wellness from C$40.00 to C$35.00 in a research note on Thursday, March 14th. TD Securities downgraded shares of Jamieson Wellness from an “action list buy” rating to a “buy” rating and lowered their price objective for the company from C$42.00 to C$39.00 in a report on Thursday, March 14th. Eight Capital reduced their target price on shares of Jamieson Wellness from C$46.00 to C$38.00 in a report on Thursday, March 14th. Finally, Stifel Nicolaus lowered their price target on shares of Jamieson Wellness from C$45.00 to C$42.00 in a research note on Thursday, March 14th.

Jamieson Wellness Stock Performance

Shares of JWEL stock opened at C$26.15 on Friday. 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 52 week low of C$22.10 and a 52 week high of C$34.14. The company’s 50 day moving average price is C$27.92 and its two-hundred day moving average price is C$28.45. The company has a market capitalization of C$1.08 billion, a P/E ratio of 24.21 and a beta of 0.57.

Jamieson Wellness Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were paid 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 (DPR) is presently 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.