Jamieson Wellness (TSE:JWEL) Stock Price Expected to Rise, TD Securities Analyst Says

Jamieson Wellness (TSE:JWEL) had its target price boosted by research analysts at TD Securities from C$40.00 to C$42.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 17.38% from the company’s current price.

Several other research analysts have also recently commented on JWEL. BMO Capital Markets raised their target price on shares of Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. Canaccord Genuity Group lifted their price objective on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th. Finally, Royal Bank of Canada raised their target price on Jamieson Wellness from C$32.00 to C$37.00 in a research report on Friday, August 9th.

Jamieson Wellness Trading Up 6.2 %

Shares of TSE JWEL traded up C$2.10 during mid-day trading on Friday, hitting C$35.78. 65,761 shares of the company traded hands, compared to its average volume of 60,840. The business has a 50 day moving average of C$33.86 and a two-hundred day moving average of C$30.53. The stock has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 41.30 and a beta of 0.63. Jamieson Wellness has a 1 year low of C$23.98 and a 1 year high of C$35.90. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76.

Insider Buying and Selling at Jamieson Wellness

In related news, Senior Officer Donald Bird sold 38,861 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$31.23, for a total value of C$1,213,562.97. In other Jamieson Wellness news, Director Michael Al Pilato sold 24,465 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$33.41, for a total transaction of C$817,380.54. Also, Senior Officer Donald Bird sold 38,861 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$31.23, for a total value of C$1,213,562.97. Insiders have sold 72,058 shares of company stock worth $2,307,317 over the last 90 days. 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.