Lumine Group (CVE:LMN) Price Target Raised to C$42.00

Lumine Group (CVE:LMN) had its target price lifted by equities researchers at TD from C$39.00 to C$42.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 73.27% from the stock’s current price.

A number of other brokerages have also recently weighed in on LMN. Royal Bank Of Canada reduced their price target on Lumine Group from C$42.00 to C$35.00 in a research report on Wednesday, May 6th. Desjardins boosted their target price on Lumine Group from C$36.00 to C$38.00 and gave the stock a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$38.50.

Lumine Group Stock Down 3.0%

Shares of Lumine Group stock traded down C$0.76 on Wednesday, hitting C$24.24. 190,890 shares of the company traded hands, compared to its average volume of 190,720. Lumine Group has a 12-month low of C$17.77 and a 12-month high of C$54.00. The company has a market cap of C$6.22 billion, a PE ratio of 53.87 and a beta of 0.94. The company has a 50-day moving average price of C$22.38 and a 200 day moving average price of C$21.99.