Equities research analysts at National Bank Financial decreased their target price on shares of Lightstream Resources (TSE:LTS) from C$8.00 to C$7.00 in a research note issued to investors on Friday, Stock Ratings News reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 25.67% from the stock’s previous close.
Lightstream Resources (TSE:LTS) traded up 3.05% during mid-day trading on Friday, hitting $5.74. The stock had a trading volume of 1,424,793 shares. Lightstream Resources has a 52 week low of $5.91 and a 52 week high of $11.40. The stock has a 50-day moving average of $6.7 and a 200-day moving average of $7.66.
The company also recently declared a nov 13 dividend, which is scheduled for Monday, December 16th. Investors of record on Saturday, November 30th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, November 27th.
Several other analysts have also recently commented on the stock. Analysts at CIBC cut their price target on shares of Lightstream Resources from C$8.50 to C$8.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at CSFB cut their price target on shares of Lightstream Resources from C$8.00 to C$6.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at TD Securities upgraded shares of Lightstream Resources from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a C$7.50 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Lightstream Resources currently has a consensus rating of “Hold” and an average target price of C$7.60.
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