Jamieson Wellness (TSE:JWEL) Reaches New 52-Week High – Still a Buy?

Shares of Jamieson Wellness Inc. (TSE:JWEL) reached a new 52-week high on Tuesday . The stock traded as high as C$38.00 and last traded at C$37.88, with a volume of 14489 shares traded. The stock had previously closed at C$37.70.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JWEL. TD Securities boosted their target price on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of Jamieson Wellness from C$42.00 to C$46.00 in a report on Thursday. National Bankshares increased their target price on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday, November 25th. Finally, Royal Bank of Canada lifted their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th.

Jamieson Wellness Price Performance

The business’s 50 day simple moving average is C$35.57 and its 200-day simple moving average is C$32.61. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76. The stock has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 43.85 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, November 29th. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.23%. Jamieson Wellness’s dividend payout ratio is presently 97.67%.

Insider Buying and Selling at Jamieson Wellness

In related news, Senior Officer Regan Stewart sold 1,637 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$35.67, for a total transaction of C$58,384.75. In the last quarter, insiders have sold 11,237 shares of company stock valued at $407,455. 0.26% of the stock is currently owned by corporate insiders.

Jamieson Wellness Company Profile

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.