Christopher Snowden Sells 106,852 Shares of Jamieson Wellness (TSE:JWEL) Stock

Key Points

• Christopher Snowden, an insider at Jamieson Wellness, sold 106,852 shares at an average price of C$36.03, reducing their ownership by 38.32%.
• Jamieson Wellness' stock has a market capitalization of C$1.54 billion and the recent trading saw the stock price increase by 0.2%, reaching C$37.01.
• Analysts have upgraded the price target for Jamieson Wellness, with targets now ranging from C$40.60 to C$45.00, and an average consensus target price of C$42.40.

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report) insider Christopher Snowden sold 106,852 shares of Jamieson Wellness stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of C$36.03, for a total transaction of C$3,850,198.12. Following the transaction, the insider owned 172,021 shares of the company's stock, valued at C$6,198,432.69. The trade was a 38.32% decrease in their ownership of the stock.

Jamieson Wellness Stock Up 0.7%

Shares of JWEL traded up C$0.25 on Friday, hitting C$37.22. 63,365 shares of the stock traded hands, compared to its average volume of 69,856. The company has a market capitalization of C$1.55 billion, a PE ratio of 27.98 and a beta of 1.29. The company has a debt-to-equity ratio of 75.70, a quick ratio of 1.08 and a current ratio of 2.76. The business has a 50 day simple moving average of C$35.74 and a 200 day simple moving average of C$33.63. Jamieson Wellness Inc. has a one year low of C$27.90 and a one year high of C$38.20.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Jamieson Wellness from C$41.00 to C$42.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. National Bankshares lifted their price target on shares of Jamieson Wellness from C$40.00 to C$40.60 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, TD Securities lifted their price target on shares of Jamieson Wellness from C$42.00 to C$45.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$42.40.

About Jamieson Wellness

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.