Lonmin Receives Sell Rating from AlphaValue (LMI)
Lonmin (LON:LMI)‘s stock had its “sell” rating reiterated by AlphaValue in a research note issued on Thursday, Stock Ratings Network.com reports. They currently have a GBX 250 ($4.03) price target on the stock. AlphaValue’s target price suggests a potential downside of 20.36% from the stock’s previous close.
A number of other analysts have also recently weighed in on LMI. Analysts at Macquarie reiterated an “underperform” rating on shares of Lonmin (LON:LMI) in a research note to investors on Thursday, September 26th. They now have a GBX 270 ($4.36) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Lonmin (LON:LMI) in a research note to investors on Thursday, September 26th. They now have a GBX 315 ($5.08) price target on the stock, down previously from GBX 340 ($5.49). Finally, 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 ($4.19) price target on the stock. Seven 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 313.53 ($5.06).
Lonmin (LON:LMI) traded down 1.27% on Thursday, hitting GBX 309.90. 218,271 shares of the company’s stock traded hands. 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 £1.534 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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