Jamieson Wellness (TSE:JWEL) Reaches New 1-Year High Following Analyst Upgrade

Jamieson Wellness Inc. (TSE:JWEL)’s stock price reached a new 52-week high during trading 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. The stock had previously closed at C$35.91.

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

Insiders Place Their Bets

In related news, Senior Officer Regan Stewart sold 6,300 shares of Jamieson Wellness stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total value of C$224,847.00. Also, Director Michael Al Pilato sold 24,465 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$33.41, for a total value of C$817,380.54. Over the last 90 days, insiders have sold 32,402 shares of company stock worth $1,100,612. 0.26% of the stock is owned by corporate insiders.

Jamieson Wellness Stock Down 0.4 %

The stock has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 42.33 and a beta of 0.63. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76. The business’s 50-day moving average is C$34.73 and its two-hundred day moving average is C$31.32.

Jamieson Wellness Increases Dividend

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

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.