Jamieson Wellness (TSE:JWEL) Given New C$40.60 Price Target at National Bankshares

Key Points

• The stock price target for Jamieson Wellness was raised from C$40.00 to C$40.60 by analysts at National Bankshares, indicating a potential upside of 9.17% from its current trading price.
• TD Securities also increased their price target from C$42.00 to C$45.00, giving the stock a "buy" rating, while Royal Bank of Canada raised their target to C$42.00.
• Jamieson Wellness saw an increase in trading volume, with its stock rising by 6.3% to C$37.19 during midday trading on Friday.

Jamieson Wellness (TSE:JWEL - Free Report) had its price target boosted by National Bankshares from C$40.00 to C$40.60 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently commented on JWEL. TD Securities boosted their target price on Jamieson Wellness from C$42.00 to C$45.00 and gave the stock a "buy" rating in a research report on Friday. Royal Bank Of Canada boosted their target price on Jamieson Wellness from C$40.00 to C$42.00 in a research report on Friday, May 9th.

Jamieson Wellness Price Performance

Shares of TSE:JWEL traded up C$0.11 during mid-day trading on Friday, reaching C$36.98. The stock had a trading volume of 5,687 shares, 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 company has a market cap of C$1.55 billion, a P/E ratio of 38.86 and a beta of 0.63. Jamieson Wellness has a 1 year low of C$27.90 and a 1 year high of C$38.20. The business's 50 day moving average price is C$35.29 and its 200 day moving average price is C$32.94.

Insider Buying and Selling

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 7,044 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of C$35.28, for a total transaction of C$248,510.91. Also, Senior Officer Christopher Snowden sold 37,403 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$35.15, for a total value of C$1,314,782.78. In the last three months, insiders have sold 46,959 shares of company stock valued at $1,651,365. 0.26% of the stock is currently owned by company insiders.

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.