Kenmare Resources (LON:KMR) Share Price Breaks Above 200 Day Moving Average – Here’s What Happened

Kenmare Resources plc (LON:KMR – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 206.12 and traded as high as GBX 234.50. Kenmare Resources shares last traded at GBX 227, with a volume of 92,322 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered 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, October 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 322.50.

Read Our Latest Research Report on Kenmare Resources

Kenmare Resources Stock Down 0.9%

The company has a current ratio of 3.07, a quick ratio of 1.22 and a debt-to-equity ratio of 26.20. The firm’s 50 day simple moving average is GBX 199.96 and its two-hundred day simple moving average is GBX 206.25. The firm has a market cap of £199.46 million, a price-to-earnings ratio of -0.76, a PEG ratio of 0.03 and a beta of 0.67.

Kenmare Resources Company Profile

(Get Free Report)

See Also

Receive News & Ratings for Kenmare Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kenmare Resources and related companies with MarketBeat.com's FREE daily email newsletter.