Jamieson Wellness (TSE:JWEL) Given New C$41.00 Price Target at Royal Bank of Canada

Jamieson Wellness (TSE:JWEL) had its target price raised by Royal Bank of Canada from C$38.00 to C$41.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets raised their target price on shares of Jamieson Wellness from C$42.00 to C$46.00 in a report on Thursday, December 19th. TD Securities raised their price objective on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, National Bankshares boosted their target price on Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday, November 25th.

Jamieson Wellness Stock Up 1.0 %

Shares of JWEL opened at C$32.24 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 2.76 and a debt-to-equity ratio of 75.70. The business has a fifty day moving average of C$34.42 and a 200 day moving average of C$34.28. The company has a market cap of C$1.35 billion, a PE ratio of 33.88 and a beta of 0.63. Jamieson Wellness has a 52-week low of C$23.98 and a 52-week high of C$38.20.

Jamieson Wellness Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a dividend of $0.21 per share. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.61%. Jamieson Wellness’s dividend payout ratio (DPR) is presently 88.26%.

Insider Activity at Jamieson Wellness

In related news, Senior Officer Regan Stewart sold 1,300 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$37.84, for a total value of C$49,192.00. 0.26% of the stock is owned by company insiders.

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.