Jamieson Wellness (TSE:JWEL) Hits New 52-Week High at $26.67

Shares of Jamieson Wellness Inc (TSE:JWEL) reached a new 52-week high during trading on Thursday . The company traded as high as C$26.67 and last traded at C$26.60, with a volume of 12670 shares traded. The stock had previously closed at C$26.43.

Several research firms have recently weighed in on JWEL. BMO Capital Markets lifted their target price on shares of Jamieson Wellness from C$25.00 to C$30.00 in a report on Thursday, December 5th. Royal Bank of Canada lifted their target price on shares of Jamieson Wellness from C$25.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. National Bank Financial boosted their price target on shares of Jamieson Wellness from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. CIBC boosted their price target on shares of Jamieson Wellness from C$27.00 to C$29.00 in a report on Thursday, November 7th. Finally, Eight Capital set a C$30.00 price target on shares of Jamieson Wellness and gave the stock a “buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$27.00.

The stock’s 50 day moving average is C$25.89 and its two-hundred day moving average is C$23.71. The company has a debt-to-equity ratio of 69.61, a current ratio of 2.08 and a quick ratio of 1.02. The stock has a market capitalization of $1.04 billion and a PE ratio of 36.82.

In related news, Senior Officer Regan Stewart sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$25.99, for a total transaction of C$129,950.00. Following the completion of the sale, the insider now directly owns 6,207 shares of the company’s stock, valued at C$161,319.93.

About Jamieson Wellness (TSE:JWEL)

Jamieson Wellness Inc develops, manufactures, distributes, sells, and markets natural health products in Canada and internationally. The company operates in two segments, Jamieson Brands and Strategic Partners. The company offers health products for humans, including vitamins, herbals, and mineral nutritional supplements; and over-the-counter remedies under the Jamieson and Lorna Vanderhaeghe Health Solutions Inc brands, as well as sports nutrition products under the Progressive, Precision, and Iron Vegan brands.

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