Kenmare Resources plc (LON:KMR – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 204.72 and traded as high as GBX 231. Kenmare Resources shares last traded at GBX 220, with a volume of 71,055 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank cut their target price on Kenmare Resources from GBX 180 to GBX 160 and set a “hold” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 322.50.
Check Out Our Latest Research Report on KMR
Kenmare Resources Trading Up 3.1%
The company has a debt-to-equity ratio of 26.20, a current ratio of 3.07 and a quick ratio of 1.22. The business’s 50-day moving average price is GBX 197.05 and its two-hundred day moving average price is GBX 205.16. The company has a market capitalization of £206.55 million, a P/E ratio of -0.79, a PEG ratio of 0.03 and a beta of 0.67.
About Kenmare Resources
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