Brokerages Set Lumenpulse Inc (TSE:LMP) Target Price at $20.93

Lumenpulse Inc (TSE:LMP) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$20.93.

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LMP has been the subject of several analyst reports. Raymond James Financial, Inc. raised their price target on shares of Lumenpulse from C$14.00 to C$21.15 and gave the stock a “market perform” rating in a report on Friday, April 28th. BMO Capital Markets restated a “market perform” rating and set a C$21.25 price target on shares of Lumenpulse in a report on Friday, April 28th. Roth Capital lowered shares of Lumenpulse from a “buy” rating to a “neutral” rating in a report on Thursday, April 27th. Finally, Royal Bank Of Canada lowered shares of Lumenpulse from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$20.00 to C$21.25 in a report on Friday, April 28th.

Lumenpulse (TSE LMP) traded down 0.09% during trading on Friday, reaching $21.25. 43,400 shares of the company’s stock were exchanged. Lumenpulse has a 1-year low of $11.30 and a 1-year high of $21.27. The company’s 50-day moving average is $21.17 and its 200-day moving average is $17.46.

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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.