Jamieson Wellness (TSE:JWEL) Sets New 1-Year High – What’s Next?

Jamieson Wellness Inc. (TSE:JWEL)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$38.00 and last traded at C$37.88, with a volume of 14489 shares traded. The stock had previously closed at C$37.70.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JWEL. Royal Bank of Canada boosted their target price on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. National Bankshares increased their price objective on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday, November 25th. Finally, TD Securities lifted 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 report on Friday, November 8th.

Jamieson Wellness Stock Performance

The firm has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 43.84 and a beta of 0.63. The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21. The stock’s fifty day moving average is C$35.46 and its two-hundred day moving average is C$32.45.

Jamieson Wellness Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, November 29th. Jamieson Wellness’s payout ratio is presently 97.67%.

Insider Buying and Selling

In related news, Senior Officer Regan Stewart sold 2,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$37.52, for a total value of C$75,031.00. Over the last 90 days, insiders have sold 9,937 shares of company stock worth $358,263. 0.26% of the stock is currently owned by corporate insiders.

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.