Lumenpulse Inc (LMP) Receives Consensus Rating of “Hold” from Analysts
Lumenpulse Inc (TSE:LMP) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company. Five research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$20.93.
A number of brokerages have weighed in on LMP. BMO Capital Markets restated a “market perform” rating and issued a C$21.25 price objective on shares of Lumenpulse in a report on Friday, April 28th. Royal Bank of Canada lowered Lumenpulse from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$20.00 to C$21.25 in a report on Friday, April 28th. Raymond James Financial, Inc. lowered Lumenpulse from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$19.00 to C$14.00 in a report on Friday, March 10th. Roth Capital lowered Lumenpulse from a “buy” rating to a “neutral” rating in a report on Thursday, April 27th. Finally, National Bank Financial lowered Lumenpulse from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, March 9th.
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Shares of Lumenpulse (TSE:LMP) traded up 0.05% during midday trading on Tuesday, reaching $21.12. 4,478 shares of the company traded hands. The firm’s market capitalization is $540.06 million. The stock has a 50 day moving average price of $16.44 and a 200 day moving average price of $16.66. Lumenpulse has a 1-year low of $11.30 and a 1-year high of $21.19.
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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