Jamieson Wellness Inc. (TSE:JWEL - Get Free Report)'s stock price fell 3.1% during mid-day trading on Thursday . The stock traded as low as C$31.60 and last traded at C$31.63. 81,794 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 65,006 shares. The stock had previously closed at C$32.65.
Analysts Set New Price Targets
A number of research firms have recently weighed in on JWEL. Royal Bank of Canada increased their price target on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. BMO Capital Markets lifted their target price on shares of Jamieson Wellness from C$42.00 to C$46.00 in a report on Thursday, December 19th. TD Securities boosted their price target on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, National Bankshares upped their price target on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday, November 25th.
Check Out Our Latest Analysis on Jamieson Wellness
Jamieson Wellness Stock Performance
The company has a debt-to-equity ratio of 75.70, a quick ratio of 1.08 and a current ratio of 2.76. The company's 50 day simple moving average is C$34.76 and its 200 day simple moving average is C$34.29. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 33.23 and a beta of 0.63.
Jamieson Wellness Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a $0.21 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.66%. This is an increase from Jamieson Wellness's previous quarterly dividend of $0.19. Jamieson Wellness's payout ratio is 88.26%.
Insider Transactions at Jamieson Wellness
In other news, Senior Officer Regan Stewart sold 2,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$37.52, for a total value of C$75,031.00. In the last quarter, insiders sold 9,600 shares of company stock worth $349,070. 0.26% of the stock is owned by corporate insiders.
About Jamieson Wellness
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Jamieson Wellness, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jamieson Wellness wasn't on the list.
While Jamieson Wellness currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
