Jamieson Wellness (JWEL) Hits New 12-Month High at $22.67

Jamieson Wellness Inc (TSE:JWEL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$22.67 and last traded at C$22.35, with a volume of 15616 shares traded. The stock had previously closed at C$22.02.

JWEL has been the subject of several research reports. Canaccord Genuity increased their price objective on Jamieson Wellness from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Monday, November 13th. BMO Capital Markets reissued an “outperform” rating and issued a C$22.00 price objective on shares of Jamieson Wellness in a research report on Friday, November 10th. CIBC increased their price objective on Jamieson Wellness from C$19.00 to C$20.60 in a research report on Thursday, November 2nd. Royal Bank of Canada increased their price objective on Jamieson Wellness from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, TD Securities increased their price objective on Jamieson Wellness from C$22.00 to C$24.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$22.69.

The company has a market cap of $843.49 and a PE ratio of -21.49.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.32 annualized dividend and a yield of 1.43%. Jamieson Wellness’s dividend payout ratio is currently -7.69%.

In related news, Director David Michael Williams acquired 1,500 shares of the company’s stock in a transaction on Friday, November 24th. The stock was purchased at an average cost of C$21.55 per share, for a total transaction of C$32,325.00.

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About Jamieson Wellness

Jamieson Wellness Inc is a Canada-based company, which operates as the health and wellness company. The Company develops, manufactures and markets brand of vitamins and natural health products. The Company offers vitamins, minerals and supplements (VMS) products and certain over-the-counter remedies through Jamieson and LVHS brands as well as sports nutrition products through Progressive, Precision and Iron Vegan brands.

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