Jamieson Wellness (TSE:JWEL) Shares Down 0.8%

Jamieson Wellness Inc. (TSE:JWEL – Get Rating)’s stock price traded down 0.8% during mid-day trading on Friday . The stock traded as low as C$30.73 and last traded at C$30.75. 26,901 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 85,859 shares. The stock had previously closed at C$31.01.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JWEL shares. Scotiabank boosted their price target on Jamieson Wellness from C$38.50 to C$39.00 in a research note on Friday, May 5th. Canaccord Genuity Group cut their target price on shares of Jamieson Wellness from C$45.00 to C$42.00 in a research report on Monday, February 27th. CIBC decreased their price target on shares of Jamieson Wellness from C$41.00 to C$37.00 and set a “neutral” rating on the stock in a research report on Monday, February 27th. Finally, Royal Bank of Canada upped their price objective on Jamieson Wellness from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$43.18.

Jamieson Wellness Price Performance

The firm has a market cap of C$1.29 billion, a PE ratio of 25.84 and a beta of 0.37. The firm’s fifty day simple moving average is C$32.36 and its two-hundred day simple moving average is C$33.75. The company has a quick ratio of 1.08, a current ratio of 2.44 and a debt-to-equity ratio of 91.41.

Jamieson Wellness Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 15th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, March 2nd. This represents a $0.68 annualized dividend and a dividend yield of 2.21%. Jamieson Wellness’s payout ratio is 57.14%.

Insider Buying and Selling

In other Jamieson Wellness news, Senior Officer John Doherty sold 29,492 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of C$30.00, for a total transaction of C$884,760.00. 0.17% of the stock is currently owned by insiders.

About Jamieson Wellness

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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.