Berenberg Bank Has Lowered Expectations for Kenmare Resources (LON:KMR) Stock Price

Kenmare Resources (LON:KMR) had its target price dropped by stock analysts at Berenberg Bank from GBX 370 to GBX 330 in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 6.45% from the company’s current price.

Kenmare Resources Stock Up 2.1%

Kenmare Resources stock opened at GBX 310 on Wednesday. Kenmare Resources has a fifty-two week low of GBX 263.19 and a fifty-two week high of GBX 450. The stock has a market cap of £274.14 million, a PE ratio of -534.48, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The firm’s 50-day simple moving average is GBX 318.24 and its 200 day simple moving average is GBX 352.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63.

Kenmare Resources Company Profile

Kenmare Resources plc is one of the world’s largest producers of titanium minerals. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma’s production accounts for approximately 6% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries.