Lumine Group (CVE:LMN) Price Target Raised to C$38.00 at Desjardins

Lumine Group (CVE:LMN) had its price objective raised by research analysts at Desjardins from C$36.00 to C$38.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 56.77% from the stock’s previous close.

Separately, Royal Bank Of Canada reduced their target price on shares of Lumine Group from C$42.00 to C$35.00 in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$38.50.

Lumine Group Trading Down 3.0%

Shares of LMN stock traded down C$0.76 during trading hours on Wednesday, hitting C$24.24. 190,890 shares of the company were exchanged, compared to its average volume of 190,720. Lumine Group has a 52 week low of C$17.77 and a 52 week high of C$54.00. The business has a 50 day moving average of C$22.38 and a two-hundred day moving average of C$21.99. The company has a market capitalization of C$6.22 billion, a PE ratio of 53.87 and a beta of 0.94.