Kenmare Resources (LON:KMR) Reaches New 52-Week Low – Time to Sell?

Kenmare Resources plc (LON:KMR) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 178.40 and last traded at GBX 185, with a volume of 592380 shares. The stock had previously closed at GBX 198.80.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 220 price objective on shares of Kenmare Resources in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 352.50.

Kenmare Resources Stock Down 6.9%

The firm’s 50 day simple moving average is GBX 221.06 and its 200-day simple moving average is GBX 235.14. The company has a market cap of £164.00 million, a price-to-earnings ratio of -0.51, a P/E/G ratio of 0.03 and a beta of 0.67. The company has a debt-to-equity ratio of 25.24, a current ratio of 3.24 and a quick ratio of 1.22.

About Kenmare Resources