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A report released today by RBC Capital Markets about Lumenpulse Inc (TSE:LMP) raises the target price to $22.00

Yesterday Lumenpulse Inc (TSE:LMP) traded -0.70% lower at $17.17. The company’s 50-day moving average is $16.42 and its 200-day moving average is $16.72. The last stock close price is up 2.24% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 5,220 shares of the stock were exchanged, down from an average trading volume of 15,631

Lumenpulse Inc (TSE:LMP) had its stock price target increased to $22.00 by RBC Capital Markets in an issued report announced Thursday December 01, 2016. The bumped up target suggests a potential upside of 0.28% from the company's most recent close.

Previously on 03/01/2016, RBC Capital Markets reported about Lumenpulse Inc (TSE:LMP) lowered the target price from $25.00 to $24.00. At the time, this indicated a possible upside of 0.48%.

See Chart Below

Lumenpulse Inc (TSE:LMP)

Lumenpulse Inc has a 52 week low of $13.86 and a 52 week high of $19.19 with a P/E ratio of 342.00 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $15.10 with 1 firm rating the stock a strong buy, 5 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Lumenpulse Inc (TSE:LMP)

Lumenpulse Inc. is engaged in the design, development, assembly and sale of lighting products. The Company operates in two segments: Lumenpulse LED products (LP) and other manufacturers' products (OMP). The Company's LP segments' products consist of light-emitting diode (LED) lighting solutions. The Company's LP segment designs, manufactures and sells lighting fixtures and solutions for indoor and outdoor applications with its focus on the commercial, institutional and urban environment markets. Its OMP segment consists of products designed and manufactured by manufacturers other than the Company and can include both LED and traditional lighting fixtures. Its products include Lumenarea, Lumenalpha Downlights, Lumenbeam, Lumencove, Lumenline, Lumendome, Lumensub, Lumensign, Lumentask, Lumentube and Lumenedge. The Company develops its solutions by combining configurable LED fixtures with its control systems and patented control, binning, dimming and thermal management technologies.

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