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

Jamieson Wellness Inc. (TSE:JWEL) shares 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 changing hands. The stock had previously closed at C$35.91.

A number of other analysts also recently issued reports on JWEL. BMO Capital Markets lifted their price objective on Jamieson Wellness from C$35.00 to C$42.00 in a research note on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. TD Securities upped 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 note on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research note on Friday, August 9th.

Insider Activity at Jamieson Wellness

In other Jamieson Wellness news, Director Michael Al Pilato sold 24,465 shares of the 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. Also, Senior Officer Regan Stewart sold 1,637 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$35.67, for a total transaction of C$58,384.75. Insiders sold 32,402 shares of company stock worth $1,100,612 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

Jamieson Wellness Stock Performance

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 cap of C$1.51 billion, a PE ratio of 42.33 and a beta of 0.63. The business’s 50-day moving average price is C$34.73 and its 200-day moving average price is C$31.32.

Jamieson Wellness Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, November 29th. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19. Jamieson Wellness’s dividend payout ratio (DPR) is currently 97.67%.

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.