Jamieson Wellness Inc. (TSE:JWEL) Given Consensus Rating of “Moderate Buy” by Brokerages

Jamieson Wellness Inc. (TSE:JWEL) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$36.36.

JWEL has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Jamieson Wellness from C$35.00 to C$42.00 in a research note on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Jamieson Wellness from C$32.00 to C$37.00 in a research note on Friday, August 9th. Canaccord Genuity Group lifted their price target on shares of Jamieson Wellness from C$32.50 to C$36.25 in a report on Friday, August 9th. TD Securities increased their price objective on Jamieson Wellness from C$36.00 to C$40.00 in a report on Friday, August 9th. Finally, CIBC lowered their price objective on Jamieson Wellness from C$28.00 to C$27.00 in a research report on Friday, May 10th.

Insiders Place Their Bets

In related news, Senior Officer Donald Bird sold 38,861 shares of Jamieson Wellness stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$31.23, for a total transaction of C$1,213,562.97. In other Jamieson Wellness news, Senior Officer Regan Stewart sold 8,732 shares of Jamieson Wellness stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$31.65, for a total transaction of C$276,373.04. Also, Senior Officer Donald Bird sold 38,861 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$31.23, for a total value of C$1,213,562.97. 0.23% of the stock is currently owned by insiders.

Jamieson Wellness Trading Up 1.0 %

Shares of TSE:JWEL opened at C$31.61 on Thursday. The company has a market capitalization of C$1.31 billion, a PE ratio of 36.76 and a beta of 0.61. The company has a current ratio of 3.21, a quick ratio of 1.08 and a debt-to-equity ratio of 92.76. Jamieson Wellness has a 12-month low of C$22.10 and a 12-month high of C$33.14. The business’s fifty day simple moving average is C$31.09 and its 200-day simple moving average is C$28.65.

About Jamieson Wellness

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.