Jamieson Wellness (TSE:JWEL) Price Target Raised to C$42.00

Jamieson Wellness (TSE:JWEL) had its target price hoisted by Royal Bank of Canada from C$40.00 to C$42.00 in a report published on Friday morning,BayStreet.CA reports.

Jamieson Wellness Price Performance

The company’s fifty day moving average price is C$30.34 and its two-hundred day moving average price is C$33.18. The company has a market cap of C$1.40 billion, a PE ratio of 35.20 and a beta of 0.63. The company has a debt-to-equity ratio of 75.70, a current ratio of 2.76 and a quick ratio of 1.08. Jamieson Wellness has a twelve month low of C$25.62 and a twelve month high of C$38.20.

Jamieson Wellness Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of ∞. Jamieson Wellness’s dividend payout ratio is currently 88.26%.

Insider Buying and Selling

In other Jamieson Wellness news, Senior Officer Joel Scales purchased 1,906 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of C$28.34 per share, for a total transaction of C$54,016.04. Also, Senior Officer Eric Bentz sold 1,744 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of C$28.62, for a total value of C$49,912.76. 0.26% of the stock is owned by insiders.

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.