Deutsche Bank Reiterates “Hold” Rating for Lonmin (LMI)
Lonmin (LON:LMI)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Tuesday, American Banking News.com reports. They currently have a GBX 315 ($5.05) price objective on the stock. Deutsche Bank’s price target would suggest a potential upside of 2.57% from the stock’s previous close.
Lonmin (LON:LMI) opened at 307.90 on Tuesday. Lonmin has a 52 week low of GBX 246.00 and a 52 week 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 £1.524 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Lonmin in a research note to investors on Monday. They now have a GBX 418 ($6.71) price target on the stock. Separately, analysts at AlphaValue reiterated a “sell” rating on shares of Lonmin in a research note to investors on Thursday, October 3rd. They now have a GBX 250 ($4.01) price target on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Thursday, September 26th. They now have a GBX 270 ($4.33) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 313.53 ($5.03).
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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