Lonmin Rating Reiterated by Goldman Sachs Group Inc. (LMI)
Lonmin (LON:LMI)‘s stock had its “sell/neutral” rating reiterated by stock analysts at Goldman Sachs Group Inc. in a report issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 290 ($4.65) price target on the stock. Goldman Sachs Group Inc.’s price target indicates a potential downside of 5.14% from the stock’s previous close.
Lonmin (LON:LMI) traded up 4.65% during mid-day trading on Thursday, hitting GBX 319.90. The stock had a trading volume of 878,016 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 £1.584 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 in a research note to investors on Tuesday. They now have a GBX 315 ($5.05) price target on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Lonmin presently has an average rating of “Hold” and a consensus target price of GBX 314.29 ($5.04).
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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