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

Shares of Jamieson Wellness Inc. (TSE:JWEL) hit a new 52-week high during mid-day trading on Monday after National Bankshares raised their price target on the stock from C$36.50 to C$42.00. The company traded as high as C$36.80 and last traded at C$36.80, with a volume of 25229 shares. The stock had previously closed at C$35.91.

Several other research analysts also recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. Canaccord Genuity Group boosted their price target on 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 objective on Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. Finally, TD Securities lifted their price objective on Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Insider Buying and Selling

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 6,300 shares of Jamieson Wellness stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total transaction of C$224,847.00. Also, Director Michael Al Pilato sold 24,465 shares of the company’s stock in a transaction dated 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 sold 32,402 shares of company stock valued at $1,100,612 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Jamieson Wellness Price Performance

The stock has a fifty day moving average of C$34.73 and a two-hundred day moving average of C$31.32. The company has a current ratio of 3.21, a quick ratio of 1.08 and a debt-to-equity ratio of 92.76. The stock has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 42.56 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, November 29th. 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 2.30%. Jamieson Wellness’s dividend payout ratio (DPR) is 97.67%.

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.