Kenmare Resources (LON:KMR) Reaches New 12-Month Low – Time to Sell?

Kenmare Resources plc (LON:KMR) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 210.36 and last traded at GBX 213.50, with a volume of 76500 shares. The stock had previously closed at GBX 221.

Wall Street Analyst Weigh In

KMR has been the topic of a number of recent research reports. Berenberg Bank reduced their target price on shares of Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Peel Hunt reaffirmed a “buy” rating and issued a GBX 485 price target on shares of Kenmare Resources in a research report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 382.50.

Kenmare Resources Stock Performance

The business’s 50 day simple moving average is GBX 257.15 and its two-hundred day simple moving average is GBX 269.43. The firm has a market capitalization of £188.80 million, a PE ratio of -3.68, a price-to-earnings-growth ratio of 0.03 and a beta of 0.49. The company has a current ratio of 6.16, a quick ratio of 1.22 and a debt-to-equity ratio of 12.31.

Kenmare Resources Company Profile