Jamieson Wellness (TSE:JWEL) Price Target Raised to C$32.00 at Royal Bank of Canada

Jamieson Wellness (TSE:JWEL) had its price objective raised by Royal Bank of Canada from C$31.00 to C$32.00 in a research note published on Friday morning, BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Jamieson Wellness from C$45.00 to C$42.00 in a research note on Thursday, March 14th. National Bankshares dropped their target price on Jamieson Wellness from C$38.50 to C$36.00 in a report on Thursday, March 14th. TD Securities decreased their price target on Jamieson Wellness from C$39.00 to C$32.00 in a research note on Friday. BMO Capital Markets dropped their price objective on Jamieson Wellness from C$40.00 to C$35.00 in a research note on Thursday, March 14th. Finally, Scotiabank lowered their target price on Jamieson Wellness from C$32.00 to C$29.00 in a report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Jamieson Wellness presently has a consensus rating of Moderate Buy and an average price target of C$34.69.

Jamieson Wellness Trading Up 4.2 %

Shares of JWEL stock opened at C$26.77 on Friday. Jamieson Wellness has a 1 year low of C$22.10 and a 1 year high of C$32.79. The stock has a fifty day moving average of C$26.80 and a two-hundred day moving average of C$28.64. The company has a debt-to-equity ratio of 91.51, a quick ratio of 1.08 and a current ratio of 2.70. The firm has a market capitalization of C$1.11 billion, a PE ratio of 24.79 and a beta of 0.57.

Jamieson Wellness Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Thursday, February 29th. Jamieson Wellness’s dividend payout ratio (DPR) is presently 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.