TD Securities Forecasts Strong Price Appreciation for Jamieson Wellness (TSE:JWEL) Stock

Jamieson Wellness (TSE:JWEL) had its price objective lifted by stock analysts at TD Securities from C$40.00 to C$42.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 17.91% from the company’s previous close.

JWEL has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price objective on shares of Jamieson Wellness from C$32.50 to C$36.25 in a report on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Jamieson Wellness from C$32.00 to C$37.00 in a report on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on shares of Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th.

Jamieson Wellness Stock Performance

TSE JWEL opened at C$35.62 on Friday. The firm has a 50-day moving average of C$33.95 and a 200-day moving average of C$30.63. The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21. The stock has a market cap of C$1.48 billion, a PE ratio of 41.42 and a beta of 0.63. Jamieson Wellness has a 52-week low of C$23.98 and a 52-week high of C$35.90.

Insider Activity

In other news, Senior Officer Donald Bird sold 38,861 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$31.23, for a total value of C$1,213,562.97. In related news, Senior Officer Regan Stewart sold 8,732 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$31.65, for a total transaction of C$276,373.04. Also, Senior Officer Donald Bird sold 38,861 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$31.23, for a total transaction of C$1,213,562.97. In the last ninety days, insiders sold 72,058 shares of company stock worth $2,307,317. 0.26% of the stock is currently owned by corporate insiders.

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.