Research analysts at National Bank Financial
lowered their price objective on shares of Lightstream Resources (TSE:LTS) from C$11.00 to C$9.00 in a report released on Friday, Stock Ratings Network.com reports. National Bank Financial’s price target suggests a potential upside of 16.88% from the stock’s previous close.
Lightstream Resources (TSE:LTS) traded down 4.03% on Friday, hitting $7.39. Lightstream Resources has a 52-week low of $7.67 and a 52-week high of $9.10. The stock’s 50-day moving average is currently $8.36.
A number of other analysts have also recently weighed in on LTS. Analysts at RBC Capital cut their price target on shares of Lightstream Resources from C$11.00 to C$10.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities downgraded shares of Lightstream Resources from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a C$8.50 price target on the stock, down previously from C$10.00. Finally, analysts at Haywood Securities cut their price target on shares of Lightstream Resources from C$11.75 to C$10.50 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$9.83.
The company also recently declared a jul 13 dividend, which is scheduled for Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, July 29th.