Jamieson Wellness (TSE:JWEL) Sets New 1-Year High After Analyst Upgrade

Jamieson Wellness Inc. (TSE:JWEL) reached a new 52-week high during mid-day trading on Friday after Royal Bank of Canada raised their price target on the stock from C$37.00 to C$38.00. The company traded as high as C$35.90 and last traded at C$35.63, with a volume of 75172 shares changing hands. The stock had previously closed at C$33.68.

Several other research firms have also recently weighed in on JWEL. BMO Capital Markets raised their target price on shares of Jamieson Wellness from C$35.00 to C$42.00 in a research note on Friday, August 9th. TD Securities raised their target price on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Friday. Finally, Canaccord Genuity Group raised their target price on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research note on Friday, August 9th.

Insiders Place Their Bets

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 8,732 shares of Jamieson Wellness stock in a transaction 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. In other news, Senior Officer Regan Stewart sold 8,732 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$31.65, for a total value of C$276,373.04. Also, Director Michael Al Pilato sold 24,465 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$33.41, for a total transaction of C$817,380.54. Insiders sold a total of 72,058 shares of company stock valued at $2,307,317 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Jamieson Wellness Stock Performance

The firm has a market cap of C$1.48 billion, a price-to-earnings ratio of 41.42 and a beta of 0.63. The stock has a 50 day moving average of C$33.95 and a 200 day moving average of C$30.60. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76.

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.