Jamieson Wellness (TSE:JWEL) Stock Price Up 3.7%

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report)'s share price shot up 3.7% on Monday . The stock traded as high as C$30.50 and last traded at C$30.38. 108,775 shares changed hands during trading, an increase of 51% from the average session volume of 72,171 shares. The stock had previously closed at C$29.31.

Analysts Set New Price Targets

Several research firms have weighed in on JWEL. BMO Capital Markets cut their price objective on Jamieson Wellness from C$40.00 to C$35.00 in a research report on Thursday, March 14th. Stifel Nicolaus cut their price objective on Jamieson Wellness from C$45.00 to C$42.00 in a research report on Thursday, March 14th. CIBC cut their price objective on Jamieson Wellness from C$28.00 to C$27.00 in a research report on Friday, May 10th. Eight Capital cut their price objective on Jamieson Wellness from C$46.00 to C$38.00 in a research report on Thursday, March 14th. Finally, National Bankshares cut their price objective on Jamieson Wellness from C$38.50 to C$36.00 in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Jamieson Wellness has an average rating of "Moderate Buy" and an average target price of C$34.69.

Jamieson Wellness Stock Up 3.7 %

The company's fifty day moving average price is C$27.14 and its 200-day moving average price is C$28.42. The stock has a market capitalization of C$1.26 billion, a PE ratio of 37.05 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 announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, May 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.50%. Jamieson Wellness's payout ratio is 92.68%.

Insider Buying and Selling

In other news, Director Tania M. Clarke acquired 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of C$26.47 per share, for a total transaction of C$105,888.00. 0.23% of the stock is owned by company 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.

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