Lumine Group (CVE:LMN) Price Target Raised to C$39.00

Lumine Group (CVE:LMN) had its target price upped by research analysts at TD Securities from C$36.00 to C$39.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 55.81% from the stock’s current price.

Separately, Royal Bank Of Canada reduced their price target on Lumine Group from C$50.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$40.50.

Lumine Group Price Performance

Shares of CVE:LMN traded up C$3.49 on Thursday, reaching C$25.03. 459,780 shares of the company traded hands, compared to its average volume of 257,283. The stock has a market capitalization of C$6.42 billion and a PE ratio of 50.06. The business has a 50-day simple moving average of C$22.88. Lumine Group has a 52 week low of C$17.77 and a 52 week high of C$55.00.