Jamieson Wellness (TSE:JWEL) Trading Up 0.7% - Should You Buy?

Key Points

• Jamieson Wellness Inc. (TSE: JWEL) saw a mid-day trading increase of 0.7%, with a last trading price of C$35.13, although trading volume was down 58% from the average.
• Analysts have recently rated Jamieson Wellness as a Buy, with price targets raised by BMO Capital, National Bank, and TD Securities, suggesting an average target of C$42.40.
• Insider selling was noted, with Christopher Snowden and Paul Michael Galbraith significantly reducing their holdings, indicating potential concerns from company insiders.

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report)'s stock price was up 0.7% during mid-day trading on Wednesday . The company traded as high as C$35.29 and last traded at C$35.13. Approximately 29,227 shares changed hands during trading, a decline of 58% from the average daily volume of 69,081 shares. The stock had previously closed at C$34.90.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JWEL shares. BMO Capital Markets boosted their price objective on Jamieson Wellness from C$41.00 to C$42.00 and gave the stock an "outperform" rating in a 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 company an "outperform" rating in a research report 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 company a "buy" rating in a research report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$42.40.

Jamieson Wellness Trading Up 0.7%

The firm has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 26.41 and a beta of 1.20. The company has a debt-to-equity ratio of 75.70, a current ratio of 2.76 and a quick ratio of 1.08. The firm's 50-day simple moving average is C$36.45 and its 200 day simple moving average is C$34.69.

Insider Buying and Selling at Jamieson Wellness

In other news, insider Christopher Snowden sold 106,852 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 172,021 shares in the company, valued at approximately C$6,198,432.69. This represents a 38.32% decrease in their ownership of the stock. Also, insider Paul Michael Galbraith sold 7,905 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$36.50, for a total transaction of C$288,510.37. Following the transaction, the insider owned 5,366 shares of the company's stock, valued at C$195,843.98. This trade represents a 59.57% decrease in their ownership of the stock. 0.26% of the stock is currently owned by corporate 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.

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