Lonmin’s Neutral Rating Reaffirmed at BNP Paribas (LMI)
Lonmin (LON:LMI)‘s stock had its “neutral” rating reiterated by research analysts at BNP Paribas in a report released on Thursday, Stock Ratings News reports. They currently have a GBX 270 ($4.31) target price on the stock. BNP Paribas’ target price suggests a potential downside of 17.15% from the stock’s previous close.
Shares of Lonmin (LON:LMI) traded up 1.75% on Thursday, hitting GBX 325.90. 859,320 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 328.8 and its 200-day moving average is GBX 301.. The company’s market cap is £1.614 billion.
A number of other analysts have also recently weighed in on LMI. Analysts at Goldman Sachs Group Inc. reiterated a “sell/neutral” rating on shares of Lonmin in a research note to investors on Thursday, October 10th. They now have a GBX 290 ($4.63) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Lonmin in a research note to investors on Tuesday, October 8th. They now have a GBX 315 ($5.03) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Lonmin in a research note to investors on Monday, October 7th. They now have a GBX 418 ($6.67) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 321.82 ($5.14).
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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