TD Securities Issues Pessimistic Forecast for Lumine Group (CVE:LMN) Stock Price

Lumine Group (CVE:LMN) had its target price dropped by TD Securities from C$48.00 to C$36.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 96.72% from the stock’s current price.

Separately, Royal Bank Of Canada reduced their price objective on shares of Lumine Group from C$50.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Lumine Group currently has an average rating of “Buy” and a consensus price target of C$39.00.

Lumine Group Trading Up 1.1%

LMN stock opened at C$18.30 on Tuesday. The business has a 50 day moving average of C$24.23. The stock has a market cap of C$4.70 billion and a PE ratio of 36.60. Lumine Group has a one year low of C$17.77 and a one year high of C$55.00.