Royal Bank Of Canada Cuts Lumine Group (CVE:LMN) Price Target to C$35.00

Lumine Group (CVE:LMN) had its price target reduced by investment analysts at Royal Bank Of Canada from C$42.00 to C$35.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s target price would suggest a potential upside of 84.79% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Desjardins lifted their price target on shares of Lumine Group from C$36.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, March 6th. TD Securities upped their target price on shares of Lumine Group from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$36.67.

Lumine Group Stock Performance

Shares of CVE LMN traded down C$1.44 during mid-day trading on Wednesday, hitting C$18.94. 480,797 shares of the company were exchanged, compared to its average volume of 218,522. Lumine Group has a 1-year low of C$17.77 and a 1-year high of C$55.00. The business’s 50 day moving average is C$22.54. The company has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 41.17 and a beta of 0.70.