BMO Capital Markets Raises Jamieson Wellness (TSE:JWEL) Price Target to C$42.00

Key Points

• BMO Capital Markets increased its target price for Jamieson Wellness from C$41.00 to C$42.00, suggesting a potential upside of 12.93% from the current stock price.
• Shares of Jamieson Wellness rose 6.3% on Friday, reaching C$37.19, with a trading volume significantly higher than its average.
• Recent insider trading includes Senior Officers selling shares at an average price of C$35.06, totaling significant transactions within the last three months.

Jamieson Wellness (TSE:JWEL - Get Free Report) had its target price boosted by equities researchers at BMO Capital Markets from C$41.00 to C$42.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 13.57% from the stock's current price.

A number of other research firms have also recently commented on JWEL. Royal Bank Of Canada upped their target price on Jamieson Wellness from C$40.00 to C$42.00 in a research note on Friday, May 9th. TD Securities increased their price objective on Jamieson Wellness from C$42.00 to C$45.00 and gave the stock a "buy" rating in a research note on Friday. Finally, National Bankshares increased their price objective on Jamieson Wellness from C$40.00 to C$40.60 and gave the stock an "outperform" rating in a research note on Friday.

Jamieson Wellness Trading Up 0.3%

Shares of JWEL traded up C$0.11 during mid-day trading on Friday, reaching C$36.98. 5,687 shares of the company's stock traded hands, compared to its average volume of 70,293. The stock has a market cap of C$1.55 billion, a P/E ratio of 38.86 and a beta of 0.63. The stock's 50-day moving average is C$35.29 and its two-hundred day moving average is C$32.94. Jamieson Wellness has a 12 month low of C$27.90 and a 12 month high of C$38.20. The company has a debt-to-equity ratio of 75.70, a current ratio of 2.76 and a quick ratio of 1.08.

Insider Transactions at Jamieson Wellness

In related news, Senior Officer Christopher Snowden sold 37,403 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$35.15, for a total value of C$1,314,782.78. Also, Senior Officer Paul Michael Galbraith sold 1,044 shares of the stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$35.06, for a total value of C$36,603.06. Insiders sold 46,959 shares of company stock worth $1,651,365 in the last ninety days. 0.26% of the stock is owned by company insiders.

Jamieson Wellness Company Profile

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment.