Lonmin Given “Neutral” Rating at BNP Paribas (LMI)
Lonmin (LON:LMI)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 260 ($4.07) price objective on the stock. BNP Paribas’ target price points to a potential downside of 24.00% from the stock’s previous close.
Shares of Lonmin (LON:LMI) opened at 353.50 on Tuesday. Lonmin has a 52 week low of GBX 246.00 and a 52 week high of GBX 2137.8899. The stock has a 50-day moving average of GBX 334.2 and a 200-day moving average of GBX 300.4. The company’s market cap is £1.750 billion.
LMI has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Lonmin (LON:LMI) from GBX 330 ($5.16) to GBX 400 ($6.25) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Lonmin (LON:LMI) from GBX 374 ($5.85) to GBX 418 ($6.54) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at AlphaValue reiterated a “sell” rating on shares of Lonmin (LON:LMI) in a research note to investors on Thursday, August 22nd. They now have a GBX 248 ($3.88) price target on the stock.
Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Lonmin currently has a consensus rating of “Hold” and an average target price of GBX 316.55 ($4.95).
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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