Lightstream Resources Receives Sector Perform Rating from CIBC (LTS)
Lightstream Resources (TSE:LTS)‘s stock had its “sector perform” rating reaffirmed by analysts at CIBC in a research report issued to clients and investors on Thursday, ARN reports. They currently have a C$11.00 target price on the stock. CIBC’s price target points to a potential upside of 63.69% from the company’s current price.
Lightstream Resources (TSE:LTS) traded down 7.82% on Thursday, hitting $6.72. The stock had a trading volume of 2,120,431 shares. Lightstream Resources has a one year low of $7.04 and a one year high of $9.10. The stock’s 50-day moving average is $7.62 and its 200-day moving average is $8.24.
A number of other firms have also recently commented on LTS. Analysts at Dundee Securities cut their price target on shares of Lightstream Resources from C$10.00 to C$9.50 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at National Bank Financial cut their price target on shares of Lightstream Resources from C$9.00 to C$8.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Cormark downgraded shares of Lightstream Resources from a “buy” rating to a “market perform” rating in a research note to investors on Thursday. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$9.21.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.