Jamieson Wellness (TSE:JWEL) Shares Down 1.3%

Shares of Jamieson Wellness Inc. (TSE:JWEL) traded down 1.3% on Wednesday . The stock traded as low as C$34.87 and last traded at C$35.00. 35,340 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 102,994 shares. The stock had previously closed at C$35.45.

Several equities research analysts recently weighed in on the company. Scotiabank cut Jamieson Wellness from an “outperform” rating to a “sector perform” rating and set a C$40.00 price target on the stock. in a research note on Tuesday, March 23rd. Royal Bank of Canada increased their target price on Jamieson Wellness from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Thursday, May 6th. CIBC reissued an “outperform” rating and issued a C$45.00 target price on shares of Jamieson Wellness in a research note on Monday, May 3rd. Finally, BMO Capital Markets cut Jamieson Wellness from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$42.00 to C$37.00 in a research note on Wednesday, June 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$42.54.

The company has a quick ratio of 1.21, a current ratio of 2.54 and a debt-to-equity ratio of 64.78. The firm has a market capitalization of C$1.40 billion and a P/E ratio of 36.53. The firm’s 50-day simple moving average is C$35.28.

About Jamieson Wellness (TSE:JWEL)

Jamieson Wellness Inc develops, manufactures, distributes, 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 Health Solutions Inc brands, as well as sports nutrition products under the Progressive, Precision, and Iron Vegan brands.

Recommended Story: The primary rules of Elliott Wave theory

Receive News & Ratings for Jamieson Wellness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jamieson Wellness and related companies with MarketBeat.com's FREE daily email newsletter.