Kenmare Resources (LON:KMR) Sets New 1-Year Low – Time to Sell?

Kenmare Resources plc (LON:KMR) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 171.40 and last traded at GBX 178.80, with a volume of 92627 shares traded. The stock had previously closed at GBX 183.59.

Analyst Ratings Changes

Separately, Berenberg Bank decreased their price target on Kenmare Resources from GBX 220 to GBX 210 and set a “hold” rating for the company in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 347.50.

Kenmare Resources Stock Performance

The stock’s 50 day moving average price is GBX 195.60 and its 200 day moving average price is GBX 211.95. The company has a market capitalization of £158.50 million, a P/E ratio of -0.60, a price-to-earnings-growth ratio of 0.03 and a beta of 0.67. The company has a debt-to-equity ratio of 26.20, a quick ratio of 1.22 and a current ratio of 3.07.

Kenmare Resources Company Profile