Lonmin Receives “Sell” Rating from Goldman Sachs Group Inc. (LMI)
Lonmin (LON:LMI)‘s stock had its “sell” rating reaffirmed by equities researchers at Goldman Sachs Group Inc. in a research report issued on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 290 ($4.78) price objective on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential downside of 5.48% from the stock’s previous close.
LMI has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Lonmin in a research note to investors on Monday. They now have a GBX 345 ($5.69) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lonmin in a research note to investors on Wednesday, January 8th. They now have a GBX 310 ($5.11) price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Lonmin from GBX 335 ($5.52) to GBX 325 ($5.36) in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Nine analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 330.53 ($5.45).
Shares of Lonmin (LON:LMI) traded up 1.62% on Tuesday, hitting GBX 306.80. 1,401,533 shares of the company’s stock traded hands. Lonmin has a 1-year low of GBX 249.80 and a 1-year high of GBX 386.00. The stock has a 50-day moving average of GBX 301.6 and a 200-day moving average of GBX 317.2. The company’s market cap is £1.747 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).
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