Desjardins Forecasts Strong Price Appreciation for Lumine Group (CVE:LMN) Stock

Lumine Group (CVE:LMN) had its price target raised by equities research analysts at Desjardins from C$36.00 to C$39.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 45.52% from the company’s previous close.

LMN has been the subject of several other research reports. Royal Bank Of Canada reduced their price target on shares of Lumine Group from C$50.00 to C$42.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. TD Securities upped their price objective on Lumine Group from C$36.00 to C$39.00 and gave the company a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$40.00.

Lumine Group Stock Performance

CVE:LMN opened at C$26.80 on Friday. The company has a market cap of C$6.88 billion, a price-to-earnings ratio of 53.60 and a beta of 0.88. Lumine Group has a fifty-two week low of C$17.77 and a fifty-two week high of C$55.00. The company’s 50-day moving average price is C$22.84.