Jamieson Wellness (TSE:JWEL) Hits New 52-Week High – What’s Next?

Jamieson Wellness Inc. (TSE:JWEL) hit a new 52-week high on Tuesday . The company traded as high as C$37.30 and last traded at C$37.10, with a volume of 39971 shares trading hands. The stock had previously closed at C$36.48.

Analysts Set New Price Targets

A number of research firms have commented on JWEL. Canaccord Genuity Group boosted their price target on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th. National Bankshares boosted their price objective on Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday, November 25th. BMO Capital Markets lifted their target price on Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. Royal Bank of Canada raised their price objective on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. Finally, TD Securities increased 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 research note on Friday, November 8th.

Jamieson Wellness Price 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 business has a 50-day moving average of C$35.03 and a 200 day moving average of C$31.69. The firm has a market capitalization of C$1.57 billion, a P/E ratio of 43.50 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 13th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.23%. Jamieson Wellness’s dividend payout ratio is currently 97.67%.

Insider Transactions at Jamieson Wellness

In other news, Director Michael Al Pilato sold 24,465 shares of the firm’s stock in a transaction on 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 6,300 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total value of C$224,847.00. Insiders have sold a total of 32,402 shares of company stock valued at $1,100,612 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

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.