Jamieson Wellness (TSE:JWEL) Price Target Raised to C$42.00 at National Bankshares

Jamieson Wellness (TSE:JWEL) had its price objective lifted by National Bankshares from C$36.50 to C$42.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other equities analysts have also commented on JWEL. Canaccord Genuity Group upped their price target on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th. BMO Capital Markets upped their target price on shares of Jamieson Wellness from C$35.00 to C$42.00 in a research report on Friday, August 9th. Royal Bank of Canada raised their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research note on Friday, November 8th. Finally, TD Securities boosted their price objective on 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.

Jamieson Wellness Trading Up 1.4 %

TSE:JWEL opened at C$36.96 on Monday. The firm has a market capitalization of C$1.53 billion, a P/E ratio of 42.94 and a beta of 0.63. The business has a 50 day simple moving average of C$34.79 and a 200 day simple moving average of C$31.39. The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08. Jamieson Wellness has a 12-month low of C$23.98 and a 12-month high of C$37.24.

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 paid a $0.21 dividend. 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 2.27%. The ex-dividend date of this dividend is Friday, November 29th. Jamieson Wellness’s dividend payout ratio is currently 97.67%.

Insider Activity at Jamieson Wellness

In other news, Senior Officer Regan Stewart sold 1,637 shares of the firm’s stock in a transaction dated 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 business’s stock in a transaction that occurred 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 have sold 32,402 shares of company stock worth $1,100,612 over the last quarter. 0.26% of the stock is currently owned by company insiders.

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.