Jamieson Wellness (TSE:JWEL) Insider Sells C$3,850,198.12 in Stock

Jamieson Wellness Inc. (TSE:JWEL) insider Christopher Snowden sold 106,852 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of C$36.03, for a total value of C$3,850,198.12. Following the sale, the insider directly owned 172,021 shares of the company’s stock, valued at approximately C$6,198,432.69. This trade represents a 38.32% decrease in their position.

Jamieson Wellness Price Performance

JWEL stock opened at C$36.97 on Friday. The business has a fifty day moving average of C$35.70 and a two-hundred day moving average of C$33.59. The company has a quick ratio of 1.08, a current ratio of 2.76 and a debt-to-equity ratio of 75.70. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 27.80 and a beta of 1.29. Jamieson Wellness Inc. has a 52-week low of C$27.90 and a 52-week high of C$38.20.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JWEL. TD Securities lifted their price objective on Jamieson Wellness from C$42.00 to C$45.00 and gave the company a “buy” rating in a research note on Friday, August 8th. National Bankshares lifted their price objective on Jamieson Wellness from C$40.00 to C$40.60 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, BMO Capital Markets lifted their price objective on Jamieson Wellness from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$42.40.

Jamieson Wellness Company Profile

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.