Westhouse Securities Reiterates Neutral Rating for Lonmin (LMI)
Lonmin (LON:LMI)‘s stock had its “neutral” rating reaffirmed by analysts at Westhouse Securities in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. They currently have a GBX 345 ($5.69) price objective on the stock. Westhouse Securities’ price target suggests a potential upside of 9.07% from the stock’s previous close.
Lonmin (LON:LMI) opened at 316.30 on Monday. Lonmin has a 1-year low of GBX 249.80 and a 1-year high of GBX 386.00. The stock’s 50-day moving average is GBX 301.8 and its 200-day moving average is GBX 317.2. The company’s market cap is £1.801 billion.
A number of other analysts have also recently weighed in on LMI. 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. Separately, 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. Finally, 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 ($7.45) price target on the stock. Nine equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 332.65 ($5.48).
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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