Lonmin’s “Hold” Rating Reaffirmed at Deutsche Bank (LMI)
Lonmin (LON:LMI)‘s stock had its “hold” rating restated by Deutsche Bank in a research note issued on Friday, AnalystRatings.Net reports. They currently have a GBX 315 ($5.10) price objective on the stock. Deutsche Bank’s price objective points to a potential downside of 1.47% from the stock’s previous close.
A number of other analysts have also recently weighed in on LMI. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Lonmin in a research note to investors on Tuesday. They now have a GBX 420 ($6.80) price target on the stock. Separately, analysts at HSBC raised their price target on shares of Lonmin from GBX 475 ($7.68) to GBX 485 ($7.85) in a research note to investors on Thursday, October 17th. They now have an “overweight” rating on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Lonmin in a research note to investors on Thursday, October 17th. They now have a GBX 270 ($4.37) price target on the stock. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 321.90 ($5.21).
Lonmin (LON:LMI) traded down 3.36% on Friday, hitting GBX 319.70. 886,387 shares of the company’s stock traded hands. Lonmin has a one year low of GBX 246.00 and a one year high of GBX 2137.8899. The stock has a 50-day moving average of GBX 323.8 and a 200-day moving average of GBX 304.3. The company’s market cap is £1.583 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.