Lonmin Given Underperform Rating at Macquarie (LMI)
Lonmin (LON:LMI)‘s stock had its “underperform” rating reiterated by stock analysts at Macquarie in a report issued on Thursday, AR Network reports. They currently have a GBX 270 ($4.32) price target on the stock. Macquarie’s price objective indicates a potential downside of 18.89% from the stock’s previous close.
Lonmin (LON:LMI) traded down 0.72% on Thursday, hitting GBX 330.50. The stock had a trading volume of 610,348 shares. Lonmin has a 52 week low of GBX 246.00 and a 52 week high of GBX 386.00. The stock’s 50-day moving average is GBX 340.2 and its 200-day moving average is GBX 300.4. The company’s market cap is £1.636 billion.
LMI has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Lonmin (LON:LMI) in a research note to investors on Thursday. They now have a GBX 315 ($5.05) price target on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Lonmin 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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