Jamieson Wellness (TSE:JWEL) Trading Up 0.5% - Time to Buy?

Key Points

• Jamieson Wellness Inc. (TSE:JWEL) shares increased by 0.5%, closing at C$37.06, with a trading volume that was 21% lower than the average daily volume.
• Analysts have raised their target prices for Jamieson Wellness, with estimates now ranging from C$40.60 to C$45.00, indicating a positive outlook for the stock.
• Senior officers sold a total of 46,959 shares in recent transactions, reflecting ongoing trading activity among company insiders.

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report)'s share price rose 0.5% on Tuesday . The company traded as high as C$37.30 and last traded at C$37.06. Approximately 55,541 shares traded hands during trading, a decline of 21% from the average daily volume of 70,617 shares. The stock had previously closed at C$36.87.

Analyst Ratings Changes

JWEL has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Jamieson Wellness from C$40.00 to C$42.00 in a research report on Friday, May 9th. BMO Capital Markets increased their target price 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. TD Securities increased their target price on shares of Jamieson Wellness from C$42.00 to C$45.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, National Bankshares increased their target price on shares of Jamieson Wellness from C$40.00 to C$40.60 and gave the company an "outperform" rating in a research report on Friday, August 8th.

Jamieson Wellness Stock Performance

The company's fifty day moving average is C$35.32 and its 200 day moving average is C$33.00. The company has a market capitalization of C$1.51 billion, a P/E ratio of 37.94 and a beta of 0.63. The company has a current ratio of 2.76, a quick ratio of 1.08 and a debt-to-equity ratio of 75.70.

Insider Buying and Selling at Jamieson Wellness

In related news, Senior Officer Paul Michael Galbraith sold 1,044 shares of the firm's stock in a transaction that occurred 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. Also, Senior Officer Joel Scales sold 1,044 shares of the firm's 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 transaction of C$36,603.06. Insiders sold a total of 46,959 shares of company stock valued at $1,651,365 in the last quarter. Corporate insiders own 0.26% of the company's stock.

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.