Jamieson Wellness (TSE:JWEL) Given a C$43.00 Price Target at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce set a C$43.00 price objective on Jamieson Wellness (TSE:JWEL) in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on JWEL. National Bank Financial lifted their price target on Jamieson Wellness from C$40.50 to C$45.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. TD Securities increased their price objective on Jamieson Wellness from C$46.00 to C$48.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Jamieson Wellness has an average rating of “Buy” and an average price target of C$44.00.

Jamieson Wellness Stock Up 1.7%

Shares of TSE:JWEL opened at C$34.57 on Tuesday. The stock’s 50-day moving average price is C$35.95 and its 200-day moving average price is C$35.16. Jamieson Wellness has a 12-month low of C$28.94 and a 12-month high of C$39.30. The stock has a market capitalization of C$1.43 billion, a P/E ratio of 23.68 and a beta of 1.51. The company has a current ratio of 2.59, a quick ratio of 1.08 and a debt-to-equity ratio of 97.24.

Jamieson Wellness (TSE:JWEL) last released its earnings results on Thursday, February 26th. The company reported C$0.90 earnings per share for the quarter. The company had revenue of C$277.66 million during the quarter. Jamieson Wellness had a return on equity of 12.97% and a net margin of 7.60%. On average, equities analysts anticipate that Jamieson Wellness will post 2.1438892 earnings per share for the current year.

Jamieson Wellness Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Jamieson Wellness’s dividend payout ratio (DPR) is presently 60.27%.

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. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.