Jamieson Wellness (TSE:JWEL) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Jamieson Wellness (TSE:JWEL - Get Free Report) had its price target increased by stock analysts at Royal Bank of Canada from C$37.00 to C$38.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank of Canada's price target suggests a potential upside of 6.20% from the stock's current price.

JWEL has been the topic of several other research reports. Canaccord Genuity Group upped their price objective on Jamieson Wellness from C$32.50 to C$36.25 in a research note on Friday, August 9th. BMO Capital Markets upped their price target on Jamieson Wellness from C$35.00 to C$42.00 in a research report on Friday, August 9th. Finally, TD Securities boosted their price objective on Jamieson Wellness from C$40.00 to C$42.00 and gave the company a "buy" rating in a research note on Friday.

Jamieson Wellness Stock Performance

JWEL stock traded up C$2.10 during mid-day trading on Friday, hitting C$35.78. The company had a trading volume of 65,761 shares, compared to its average volume of 60,840. Jamieson Wellness has a 12 month low of C$23.98 and a 12 month high of C$35.90. The stock's fifty day moving average price is C$33.86 and its two-hundred day moving average price is C$30.53. The firm has a market cap of C$1.48 billion, a PE ratio of 41.60 and a beta of 0.63. The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21.

Insider Buying and Selling at Jamieson Wellness

In related news, Director Michael Al Pilato sold 24,465 shares of the company's stock in a transaction that occurred 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. In other news, Senior Officer Regan Stewart sold 8,732 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$31.65, for a total transaction of C$276,373.04. Also, Director Michael Al Pilato sold 24,465 shares of the company'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 transaction of C$817,380.54. Insiders sold 72,058 shares of company stock valued at $2,307,317 in the last quarter. 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.

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.