Royal Bank of Canada raises its price target on Jamieson Wellness (TSE:JWEL) to $37.00

Jamieson Wellness (TSE:JWEL – Free Report) their target price was boosted by Royal Bank of Canada from $32.00 to $37.00 in a report issued on Friday, BayStreet.CA reports.

Several other equities research analysts recently issued reports on JWEL. TD Securities boosted their price objective on shares of Jamieson Wellness from $36.00 to $40.00 in a research report on Friday. CIBC reduced their target price on shares of Jamieson Wellness from $28.00 to $27.00 in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Jamieson Wellness currently has a consensus rating of Moderate Buy and a consensus price target of $36.36, according to data from MarketBeat.

Get the latest stock analysis on JWEL

Jamieson Wellness Price Performance

Shares of TSE JWEL stock opened at $31.57 on Friday. The firm has a fifty day moving average of $29.81 and a 200 day moving average of $28.51. Jamieson Wellness has a one year low of $22.10 and a one year high of $33.14. The firm has a market cap of $1.31 billion, a PE ratio of 38.50 and a beta of 0.58. The company has a debt-to-equity ratio of 95.32, a quick ratio of 1.08, and a current ratio of 3.23.

Jamieson Wellness Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were given a dividend of $0.19 per share. This represents a dividend of $0.76 on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, May 31. Jamieson Wellness’ payout ratio is currently 92.68%.

Insider trading at Jamieson Wellness

In other news, Director Tania M. Clarke purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average price of $26.47 per share, for a total transaction of $105,888.00. Insiders own 0.23% of the company’s shares.

About Jamieson Wellness

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Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets and sells branded and customer branded health products for people 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.

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