Royal Bank Of Canada Cuts Lumine Group (CVE:LMN) Price Target to C$35.00

Lumine Group (CVE:LMN) had its target price cut by Royal Bank Of Canada from C$42.00 to C$35.00 in a research note released on Wednesday morning,BayStreet.CA reports.

LMN has been the topic of several other reports. TD Securities boosted their price target on 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. Desjardins upped their price objective on Lumine Group from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$36.67.

Lumine Group Stock Down 0.9%

Shares of LMN opened at C$20.23 on Wednesday. Lumine Group has a 12-month low of C$17.77 and a 12-month high of C$55.00. The company has a market capitalization of C$5.19 billion, a price-to-earnings ratio of 44.96 and a beta of 0.70. The firm’s 50-day moving average price is C$22.56.