Scotiabank Begins Coverage on Lumenpulse (LMP)
Equities researchers at Scotiabank began coverage on shares of Lumenpulse (TSE:LMP) in a research report issued to clients and investors on Friday. The firm set a “speculative buy” rating and a C$24.00 price target on the stock. Scotiabank’s price objective points to a potential upside of 20.91% from the stock’s previous close.
Lumenpulse (TSE:LMP) traded up 0.10% during mid-day trading on Friday, hitting $20.02. The stock had a trading volume of 8,177 shares. Lumenpulse has a one year low of $17.60 and a one year high of $23.95. The stock’s 50-day moving average is $21.55 and its 200-day moving average is $20.22. The company’s market cap is $462.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Lumenpulse from C$24.00 to C$28.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Lumenpulse from C$25.00 to C$26.00 in a research note on Friday, June 27th. Finally, analysts at NBF raised their price target on shares of Lumenpulse from C$24.00 to C$28.00 in a research note on Friday, June 27th. One investment analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$27.00.
Lumenpulse, Inc designs, develops, manufactures and sells a range of specification-grade Liquid Crystal Display (TSE:LMP) lighting solutions for commercial, institutional and urban environments.
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