Berenberg Bank Lowers Kenmare Resources (LON:KMR) Price Target to GBX 280

Kenmare Resources (LON:KMR) had its target price decreased by equities research analysts at Berenberg Bank from GBX 290 to GBX 280 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 8.53% from the stock’s previous close.

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

Kenmare Resources Price Performance

Shares of KMR stock traded up GBX 4 during trading hours on Wednesday, hitting GBX 258. The company had a trading volume of 452,472 shares, compared to its average volume of 103,407. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The firm has a market capitalization of £228.16 million, a price-to-earnings ratio of -4.45, a PEG ratio of 0.03 and a beta of 0.58. Kenmare Resources has a 12 month low of GBX 220.50 and a 12 month high of GBX 450. The firm’s fifty day moving average is GBX 252.99 and its 200 day moving average is GBX 287.97.

Kenmare Resources Company Profile