Lonmin Given “Hold” Rating at Deutsche Bank (LMI)
Lonmin (LON:LMI)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Thursday, Stock Ratings Network reports. They currently have a GBX 315 ($5.05) price objective on the stock, down from their previous price objective of GBX 340 ($5.45). Deutsche Bank’s price target would suggest a potential downside of 4.63% from the company’s current price.
Shares of Lonmin (LON:LMI) traded down 0.78% during mid-day trading on Thursday, hitting GBX 330.30. The stock had a trading volume of 856,248 shares. Lonmin has a one year low of GBX 246.00 and a one year high of GBX 386.00. The stock has a 50-day moving average of GBX 340.2 and a 200-day moving average of GBX 300.4. The company’s market cap is £1.635 billion.
A number of other firms have also recently commented on LMI. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Lonmin (LON:LMI) in a research note to investors on Tuesday, September 10th. They now have a GBX 260 ($4.16) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Lonmin (LON:LMI) from GBX 330 ($5.29) to GBX 400 ($6.41) in a research note to investors on Tuesday, September 10th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Lonmin (LON:LMI) from GBX 374 ($5.99) to GBX 418 ($6.70) in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 313.44 ($5.02).
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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