National Bankshares Issues Positive Forecast for Jamieson Wellness (TSE:JWEL) Stock Price

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

Several other equities research analysts have also recently issued reports on JWEL. Canaccord Genuity Group raised their price objective 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 raised their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. TD Securities upped their price objective on Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets lifted their target price on Jamieson Wellness from C$35.00 to C$42.00 in a research report on Friday, August 9th.

Jamieson Wellness Stock Up 1.9 %

Shares of JWEL opened at C$36.60 on Monday. Jamieson Wellness has a 52-week low of C$23.98 and a 52-week 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 stock has a fifty day simple moving average of C$34.73 and a two-hundred day simple moving average of C$31.32. The company has a market capitalization 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 announced 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. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 2.30%. Jamieson Wellness’s payout ratio is presently 97.67%.

Insiders Place Their Bets

In other Jamieson Wellness news, Director Michael Al Pilato sold 24,465 shares of the firm’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 value of C$817,380.54. Also, Senior Officer Regan Stewart sold 6,300 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total transaction of C$224,847.00. Insiders have sold 32,402 shares of company stock worth $1,100,612 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

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.