Lonmin Given New $1.66 Price Target at Societe Generale (LMI)

Research analysts at Societe Generale lifted their target price on shares of Lonmin (LON: LMI) from $0.57 (38 GBX) to $1.66 (110 GBX) in a report released on Wednesday. The firm currently has a “sell” rating on the stock.

Lonmin (LON: LMI) traded down 3.78% on Wednesday, hitting GBX 300.00. Lonmin has a 52-week low of GBX 246.00 and a 52-week high of GBX 716.684. The stock’s 50-day moving average is currently GBX 581.0. The company’s market cap is £608.7 million.

A number of other analysts have also recently weighed in on LMI. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Lonmin in a research note to investors on Wednesday. They now have a $5.45 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “sell/attractive” rating on shares of Lonmin in a research note to investors on Friday, March 15th. They now have a $4.18 price target on the stock.

Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.04 (334 GBX).

Lonmin Plc is a United Kingdom-based company. The principal activities of the Company during the fiscal year ended September 30, 2011 (LON: LMI), were mining, refining and marketing of Platinum Group Metals (PGM).

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