Lumine Group (CVE:LMN) Stock Price Target Raised at Desjardins

Lumine Group (CVE:LMN) had its target price increased by equities researchers at Desjardins from C$38.00 to C$40.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price target would suggest a potential upside of 43.47% from the company’s previous close.

Separately, TD increased their price target on shares of Lumine Group from C$42.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$39.75.

Lumine Group Stock Up 5.8%

Shares of CVE LMN traded up C$1.52 during trading hours on Thursday, reaching C$27.88. 167,796 shares of the stock traded hands, compared to its average volume of 172,513. The company’s 50-day simple moving average is C$23.38 and its two-hundred day simple moving average is C$22.55. The company has a market capitalization of C$7.15 billion, a P/E ratio of 66.38 and a beta of 1.04. Lumine Group has a 52-week low of C$17.77 and a 52-week high of C$31.95.