Lumine Group (CVE:LMN) Price Target Lowered to C$36.00 at TD Securities

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

Separately, Royal Bank Of Canada lowered their target price on 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$39.00.

Lumine Group Stock Down 1.1%

LMN stock traded down C$0.20 during mid-day trading on Tuesday, reaching C$18.10. 150,838 shares of the company traded hands, compared to its average volume of 245,514. The company has a fifty day moving average price of C$24.62. The stock has a market capitalization of C$4.64 billion and a P/E ratio of 36.20. Lumine Group has a 52-week low of C$17.88 and a 52-week high of C$55.00.