Berenberg Bank Issues Pessimistic Forecast for Kenmare Resources (LON:KMR) Stock Price

Kenmare Resources (LON:KMR) had its price target decreased by equities researchers at Berenberg Bank from GBX 290 to GBX 280 in a research note issued on Wednesday, Marketbeat reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price points to a potential upside of 5.66% from the company’s current price.

Separately, Peel Hunt restated a “buy” rating and set a GBX 485 price target on shares of Kenmare Resources in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 382.50.

Kenmare Resources Price Performance

Shares of LON KMR opened at GBX 265 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22. Kenmare Resources has a 1 year low of GBX 220.50 and a 1 year high of GBX 450. The company’s 50-day moving average is GBX 252.61 and its 200 day moving average is GBX 287.61. The stock has a market capitalization of £234.35 million, a P/E ratio of -4.57, a P/E/G ratio of 0.03 and a beta of 0.58.

Kenmare Resources Company Profile