Canadian Imperial Bank of Commerce Reiterates C$43.00 Price Target for Jamieson Wellness (TSE:JWEL)

Key Points

• Canadian Imperial Bank of Commerce reiterated a C$43.00 price target and an "outperform" rating on Jamieson Wellness, implying about a 23.6% upside from the prior close.
• Other analysts have also lifted targets—National Bank Financial to C$45.00 and TD Securities to C$48.00—leaving a consensus analyst rating of "Buy" and a consensus price target of C$44.00.
• Jamieson traded at C$34.79 with a market cap of C$1.44 billion; it reported C$0.90 EPS for the quarter, a P/E of 23.83, and a 12‑month range of C$28.94–C$39.30.

Jamieson Wellness (TSE:JWEL - Get Free Report) has been assigned a C$43.00 price target by analysts at Canadian Imperial Bank of Commerce in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Canadian Imperial Bank of Commerce's price target would indicate a potential upside of 23.60% from the company's previous close.

A number of other research firms have also commented on JWEL. National Bank Financial raised their price objective 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 upped their target price on Jamieson Wellness from C$46.00 to C$48.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$44.00.

Jamieson Wellness Stock Performance

TSE JWEL traded up C$0.80 during trading on Tuesday, reaching C$34.79. The company's stock had a trading volume of 28,206 shares, compared to its average volume of 86,705. The firm has a 50 day moving average price of C$35.95 and a 200 day moving average price of C$35.18. Jamieson Wellness has a 12 month low of C$28.94 and a 12 month high of C$39.30. The firm has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 23.83 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 - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported C$0.90 EPS for the quarter. Jamieson Wellness had a net margin of 7.60% and a return on equity of 12.97%. The company had revenue of C$277.66 million for the quarter. As a group, equities analysts anticipate that Jamieson Wellness will post 2.1438892 EPS for the current fiscal year.

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

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