Jamieson Wellness (TSE:JWEL) Reaches New 12-Month High Following Analyst Upgrade

Jamieson Wellness Inc. (TSE:JWEL)’s stock price hit a new 52-week high on Monday after National Bankshares raised their price target on the stock from C$36.50 to C$42.00. The stock traded as high as C$36.80 and last traded at C$36.80, with a volume of 25229 shares changing hands. The stock had previously closed at C$35.91.

A number of other equities analysts have also issued reports on JWEL. BMO Capital Markets increased their target price on shares of Jamieson Wellness from C$35.00 to C$42.00 in a research report on Friday, August 9th. TD Securities increased their price objective on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their target price on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group increased their price target on Jamieson Wellness from C$32.50 to C$36.25 in a research note on Friday, August 9th.

Insider Transactions at Jamieson Wellness

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 1,637 shares of Jamieson Wellness stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$35.67, for a total transaction of C$58,384.75. Also, Director Michael Al Pilato sold 24,465 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$33.41, for a total transaction of C$817,380.54. Insiders sold a total of 32,402 shares of company stock valued at $1,100,612 over the last quarter. Company insiders own 0.26% of the company’s stock.

Jamieson Wellness Stock Up 1.9 %

The company has a current ratio of 3.21, a quick ratio of 1.08 and a debt-to-equity ratio of 92.76. The business’s fifty day moving average price is C$34.73 and its two-hundred day moving average price is C$31.32. The firm has a market cap of C$1.52 billion, a P/E ratio of 42.56 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 13th will be issued a $0.21 dividend. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, November 29th. Jamieson Wellness’s payout ratio is 97.67%.

Jamieson Wellness Company Profile

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.