Jamieson Wellness Inc. (TSE:JWEL) Director Buys C$105,888.00 in Stock

Jamieson Wellness Inc. (TSE:JWELGet Free Report) Director Tania M. Clarke bought 4,000 shares of Jamieson Wellness stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of C$26.47 per share, with a total value of C$105,888.00.

Jamieson Wellness Price Performance

Shares of TSE JWEL traded up C$0.25 during trading on Monday, hitting C$26.25. The company had a trading volume of 8,091 shares, compared to its average volume of 76,626. The stock has a fifty day simple moving average of C$26.23 and a two-hundred day simple moving average of C$28.76. Jamieson Wellness Inc. has a fifty-two week low of C$22.10 and a fifty-two week high of C$32.41. The firm has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 31.77 and a beta of 0.58. The company has a quick ratio of 1.08, a current ratio of 3.23 and a debt-to-equity ratio of 95.32.

Jamieson Wellness Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.90%. Jamieson Wellness’s payout ratio is presently 92.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JWEL. CIBC reduced their target price on shares of Jamieson Wellness from C$28.00 to C$27.00 in a report on Friday, May 10th. Scotiabank cut their price objective on shares of Jamieson Wellness from C$32.00 to C$29.00 in a report on Thursday, March 14th. Eight Capital cut their price objective on shares of Jamieson Wellness from C$46.00 to C$38.00 in a report on Thursday, March 14th. BMO Capital Markets cut their price objective on shares of Jamieson Wellness from C$40.00 to C$35.00 in a report on Thursday, March 14th. Finally, Stifel Nicolaus cut their price objective on shares of Jamieson Wellness from C$45.00 to C$42.00 in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$34.69.

Read Our Latest Stock Report on JWEL

Jamieson Wellness Company Profile

(Get Free Report)

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.

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