TD Securities Forecasts Strong Price Appreciation for Lumine Group (CVE:LMN) Stock

Lumine Group (CVE:LMN) had its price objective lifted by analysts at TD Securities from C$36.00 to C$39.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 55.81% from the stock’s current price.

Separately, Royal Bank Of Canada dropped their price objective on shares of Lumine Group from C$50.00 to C$42.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Lumine Group has an average rating of “Buy” and a consensus target price of C$40.50.

Lumine Group Trading Up 16.2%

Shares of Lumine Group stock traded up C$3.49 on Thursday, reaching C$25.03. The company had a trading volume of 459,780 shares, compared to its average volume of 257,283. The firm has a market capitalization of C$6.42 billion and a price-to-earnings ratio of 50.06. The firm’s 50-day simple moving average is C$22.88. Lumine Group has a 1 year low of C$17.77 and a 1 year high of C$55.00.