Desjardins Cuts Lumine Group (CVE:LMN) Price Target to C$36.00

Lumine Group (CVE:LMN) had its price target lowered by stock analysts at Desjardins from C$39.00 to C$36.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 90.07% from the company’s current price.

LMN has been the subject of a number of other research reports. TD Securities increased their price objective on shares of Lumine Group from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Royal Bank Of Canada lowered their target price on shares of Lumine Group from C$42.00 to C$35.00 in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lumine Group has a consensus rating of “Buy” and an average target price of C$36.67.

Lumine Group Stock Down 7.1%

LMN stock traded down C$1.44 during midday trading on Wednesday, hitting C$18.94. The stock had a trading volume of 480,797 shares, compared to its average volume of 218,522. Lumine Group has a 52 week low of C$17.77 and a 52 week high of C$55.00. The stock’s 50-day simple moving average is C$22.54. The firm has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 41.17 and a beta of 0.70.