Jamieson Wellness (TSE:JWEL) Price Target Raised to C$45.00

Key Points

• TD Securities has raised its price target for Jamieson Wellness from C$42.00 to C$45.00, indicating a potential upside of 21% from the previous close.
• The Royal Bank Of Canada also increased its price objective for Jamieson Wellness to C$42.00, reflecting ongoing positive sentiment towards the stock.
• Insider selling has occurred recently, with Senior Officers disposing of nearly 47,000 shares for over C$1.6 million in total value, raising questions about insider confidence.

Jamieson Wellness (TSE:JWEL - Get Free Report) had its price objective increased by investment analysts at TD Securities from C$42.00 to C$45.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 21.69% from the stock's current price.

Separately, Royal Bank Of Canada raised their target price on Jamieson Wellness from C$40.00 to C$42.00 in a research report on Friday, May 9th.

Jamieson Wellness Stock Performance

Shares of JWEL traded up C$0.11 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 company has a current ratio of 2.76, a quick ratio of 1.08 and a debt-to-equity ratio of 75.70. The stock has a market cap of C$1.55 billion, a PE ratio of 38.86 and a beta of 0.63. The stock's 50 day simple moving average is C$35.29 and its two-hundred day simple moving average is C$32.94. Jamieson Wellness has a 52-week low of C$27.90 and a 52-week high of C$38.20.

Insider Transactions at Jamieson Wellness

In other Jamieson Wellness news, Senior Officer Christopher Snowden sold 37,403 shares of Jamieson Wellness stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$35.15, for a total transaction of C$1,314,782.78. Also, Senior Officer Paul Michael Galbraith sold 1,044 shares of Jamieson Wellness stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$35.06, for a total value of C$36,603.06. Insiders sold a total of 46,959 shares of company stock worth $1,651,365 over the last 90 days. 0.26% of the stock is currently owned by 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.