Lumenpulse Inc (LMP) Receives Consensus Recommendation of “Buy” from Analysts
Lumenpulse Inc (TSE:LMP) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the firm. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$19.60.
A number of equities analysts have commented on LMP shares. Scotiabank reaffirmed a “sector perform” rating and set a C$19.00 price objective on shares of Lumenpulse in a research report on Wednesday, September 7th. Royal Bank Of Canada reduced their price objective on shares of Lumenpulse from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, June 23rd. Roth Capital reaffirmed a “neutral” rating on shares of Lumenpulse in a research report on Wednesday, August 24th. Finally, National Bank Financial reaffirmed an “outperform” rating and set a C$21.00 price objective on shares of Lumenpulse in a research report on Thursday, June 23rd.
Shares of Lumenpulse (TSE:LMP) traded up 0.74% during midday trading on Thursday, hitting $16.42. 2,100 shares of the company were exchanged. The company has a 50-day moving average of $16.95 and a 200 day moving average of $16.71. The company has a market capitalization of $419.27 million and a P/E ratio of 328.40. Lumenpulse has a one year low of $13.36 and a one year high of $19.19.
Lumenpulse Company Profile
Lumenpulse Inc is engaged in the design, development, assembly and sale of lighting products. The Company operates in two segments: Lumenpulse LED products (LP) and other manufacturers’ products (OMP). The Company’s LP segments’ products consist of light-emitting diode (LED) lighting solutions. The Company’s LP segment designs, manufactures and sells lighting fixtures and solutions for indoor and outdoor applications with its focus on the commercial, institutional and urban environment markets.
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