Berenberg Bank Cuts Kenmare Resources (LON:KMR) Price Target to GBX 330

Key Points

• Berenberg Bank has reduced its price target for Kenmare Resources from GBX 370 to GBX 330 while maintaining a "hold" rating.
• The new target price indicates a potential upside of 7.67% from Kenmare's current stock price of GBX 306.50.
• Kenmare Resources is a leading producer of titanium minerals, with its operations accounting for approximately 6% of global titanium feedstocks.

Kenmare Resources (LON:KMR - Get Free Report) had its target price cut by equities research analysts at Berenberg Bank from GBX 370 to GBX 330 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has a "hold" rating on the stock. Berenberg Bank's target price suggests a potential upside of 7.67% from the company's current price.

Kenmare Resources Trading Up 0.2%

LON:KMR traded up GBX 0.50 on Wednesday, hitting GBX 306.50. 51,914 shares of the stock were exchanged, compared to its average volume of 127,597. The stock has a market capitalization of £271.05 million, a price-to-earnings ratio of -528.45, a P/E/G ratio of 0.03 and a beta of 0.58. Kenmare Resources has a 52 week low of GBX 263.19 and a 52 week high of GBX 450. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The company's 50-day moving average price is GBX 319.06 and its 200 day moving average price is GBX 353.72.

Kenmare Resources Company Profile

Kenmare Resources plc is one of the world's largest producers of titanium minerals. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma's production accounts for approximately 6% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries.

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