Lonmin Given New GBX 400 Price Target at JPMorgan Chase & Co. (LMI)
Equities research analysts at JPMorgan Chase & Co. increased their price target on shares of Lonmin (LON:LMI) from GBX 330 ($5.16) to GBX 400 ($6.25) in a research note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 13.38% from the company’s current price.
A number of other firms have also recently commented on LMI. 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. Separately, 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. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Lonmin (LON:LMI) in a research note to investors on Tuesday, August 20th.
Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 316.55 ($4.95).
Lonmin (LON:LMI) traded up 3.13% on Tuesday, hitting GBX 352.80. The stock had a trading volume of 3,996,360 shares. Lonmin has a 52-week low of GBX 246.00 and a 52-week high of GBX 2137.8899. The stock’s 50-day moving average is GBX 334.7 and its 200-day moving average is GBX 300.5. The company’s market cap is £1.747 billion.
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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