Lumine Group (CVE:LMN) Stock Price Expected to Rise, TD Analyst Says

Lumine Group (CVE:LMN) had its price target lifted by investment analysts at TD from C$39.00 to C$42.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 73.27% from the stock’s current price.

Several other brokerages have also weighed in on LMN. Desjardins lifted their price objective on Lumine Group from C$36.00 to C$38.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada cut their target price on Lumine Group from C$42.00 to C$35.00 in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Lumine Group currently has an average rating of “Buy” and a consensus target price of C$38.50.

Lumine Group Trading Down 3.0%

LMN traded down C$0.76 on Wednesday, hitting C$24.24. 190,890 shares of the stock traded hands, compared to its average volume of 190,720. Lumine Group has a 52 week low of C$17.77 and a 52 week high of C$54.00. The firm has a market capitalization of C$6.22 billion, a PE ratio of 53.87 and a beta of 0.94. The business has a fifty day moving average price of C$22.38 and a two-hundred day moving average price of C$21.99.