Jamieson Wellness (TSE:JWEL) Shares Up 0.1% – Time to Buy?

Jamieson Wellness Inc. (TSE:JWEL) shot up 0.1% during trading on Tuesday . The company traded as high as C$35.49 and last traded at C$35.23. 56,193 shares were traded during mid-day trading, a decline of 10% from the average session volume of 62,578 shares. The stock had previously closed at C$35.19.

Wall Street Analyst Weigh In

JWEL has been the subject of several recent analyst reports. 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. Royal Bank of Canada raised their price target on Jamieson Wellness from C$32.00 to C$37.00 in a research report on Friday, August 9th. TD Securities upped their price objective on shares of Jamieson Wellness from C$36.00 to C$40.00 in a research note on Friday, August 9th. Finally, BMO Capital Markets lifted their price target on Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Jamieson Wellness currently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.36.

Jamieson Wellness Price Performance

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 firm has a market capitalization of C$1.46 billion, a P/E ratio of 40.97 and a beta of 0.61. The stock has a fifty day moving average of C$32.95 and a 200-day moving average of C$29.62.

Insider Buying and Selling at Jamieson Wellness

In related news, Senior Officer Donald Bird sold 38,861 shares of the firm’s stock in a transaction 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 other Jamieson Wellness 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, Senior Officer Donald Bird sold 38,861 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$31.23, for a total value of C$1,213,562.97. Over the last 90 days, insiders sold 72,058 shares of company stock valued at $2,307,317. Corporate insiders own 0.26% of the company’s stock.

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.