Jamieson Wellness (TSE:JWEL) Given New C$42.00 Price Target at National Bankshares

Jamieson Wellness (TSE:JWEL) had its target price upped by National Bankshares from C$36.50 to C$42.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on the company. TD Securities increased their target price on Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Canaccord Genuity Group increased their price target on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th. Royal Bank of Canada lifted 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, BMO Capital Markets increased their target price on shares of Jamieson Wellness from C$35.00 to C$42.00 in a research report on Friday, August 9th.

Jamieson Wellness Trading Up 1.9 %

Shares of TSE JWEL opened at C$36.60 on Monday. Jamieson Wellness has a twelve month low of C$23.98 and a twelve month high of C$36.98. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76. The business has a fifty day simple moving average of C$34.73 and a two-hundred day simple moving average of C$31.32. The firm has a market cap of C$1.52 billion, a PE ratio of 42.56 and a beta of 0.63.

Jamieson Wellness Increases Dividend

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

Insider Activity at Jamieson Wellness

In related news, 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 value of C$58,384.75. Also, Director Michael Al Pilato sold 24,465 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$33.41, for a total value of C$817,380.54. Insiders sold a total of 32,402 shares of company stock worth $1,100,612 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.

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.