Lonmin Receives Neutral Rating from Credit Suisse (LMI)
Lonmin (LON:LMI)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Wednesday, ARN reports. They currently have a GBX 310 ($5.08) price target on the stock. Credit Suisse’s target price points to a potential upside of 1.67% from the stock’s previous close.
Lonmin (LON:LMI) opened at 307.30 on Wednesday. Lonmin has a one year low of GBX 249.80 and a one year high of GBX 386.00. The stock has a 50-day moving average of GBX 303.6 and a 200-day moving average of GBX 315.8. The company’s market cap is £1.749 billion.
Several other analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of Lonmin from GBX 335 ($5.49) to GBX 325 ($5.33) in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Lonmin in a research note to investors on Monday, December 2nd. They now have a GBX 452 ($7.41) price target on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Friday, November 22nd. They now have a GBX 270 ($4.43) price target on the stock. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Lonmin presently has a consensus rating of “Hold” and an average target price of GBX 324.86 ($5.33).
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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