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

Kenmare Resources (LON:KMR) had its price target decreased by investment analysts at Berenberg Bank from GBX 290 to GBX 280 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 8.53% from the company’s current price.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 485 price objective on shares of Kenmare Resources in a research note on Tuesday, November 18th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Kenmare Resources currently has a consensus rating of “Moderate Buy” and an average target price of GBX 382.50.

Kenmare Resources Trading Up 1.6%

Shares of KMR traded up GBX 4 on Wednesday, reaching GBX 258. 452,472 shares of the company’s stock were exchanged, compared to its average volume of 103,407. Kenmare Resources has a 12 month low of GBX 220.50 and a 12 month high of GBX 450. The stock has a market capitalization of £228.16 million, a P/E ratio of -4.45, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of GBX 252.99 and a two-hundred day moving average price of GBX 287.97.

About Kenmare Resources