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

Lumine Group (CVE:LMN) had its price target increased by equities researchers at TD from C$42.00 to C$45.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD‘s price target would indicate a potential upside of 61.41% from the stock’s current price.

Separately, Desjardins increased their price objective on shares of Lumine Group from C$36.00 to C$38.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$39.75.

Lumine Group Price Performance

Shares of Lumine Group stock traded up C$1.52 during trading on Thursday, reaching C$27.88. 167,796 shares of the company traded hands, compared to its average volume of 172,513. The firm has a market capitalization of C$7.15 billion, a PE ratio of 66.38 and a beta of 1.04. Lumine Group has a 1-year low of C$17.77 and a 1-year high of C$31.95. The company has a 50 day moving average price of C$23.38 and a 200-day moving average price of C$22.55.