Jamieson Wellness (TSE:JWEL) Reaches New 52-Week High After Analyst Upgrade

Jamieson Wellness Inc. (TSE:JWEL) hit a new 52-week high during 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.

JWEL has been the topic of a number of other research reports. Canaccord Genuity Group lifted their price objective on Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th. TD Securities boosted their price target on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets raised their price objective on shares of Jamieson Wellness from C$35.00 to C$42.00 in a research report on Friday, August 9th.

Insider Activity at Jamieson Wellness

In other 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 value of C$276,373.04. In other Jamieson Wellness news, Senior Officer Donald Bird sold 38,861 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$31.23, for a total transaction of C$1,213,562.97. Also, Senior Officer Regan Stewart sold 8,732 shares of the firm’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. In the last ninety days, insiders have sold 72,058 shares of company stock worth $2,307,317. Company insiders own 0.26% of the company’s stock.

Jamieson Wellness Stock Performance

The stock has a 50-day moving average price of C$33.86 and a 200 day moving average price of C$30.53. The firm has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 41.60 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.

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.