Lumine Group (CVE:LMN) Given New C$36.00 Price Target at TD Securities

Lumine Group (CVE:LMN) had its price objective reduced by stock analysts at TD Securities from C$48.00 to C$36.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 98.90% from the company’s current price.

Separately, Royal Bank Of Canada lowered their price target on shares of Lumine Group from C$50.00 to C$42.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$39.00.

Lumine Group Stock Down 1.1%

CVE LMN traded down C$0.20 on Tuesday, hitting C$18.10. 150,838 shares of the company’s stock traded hands, compared to its average volume of 245,514. The stock’s 50-day moving average price is C$24.62. The firm has a market cap of C$4.64 billion and a price-to-earnings ratio of 36.20. Lumine Group has a 1-year low of C$17.88 and a 1-year high of C$55.00.