Lonmin Rating Reiterated by Deutsche Bank (LMI)
Lonmin (LON:LMI)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Monday, Analyst Ratings.Net reports. They currently have a GBX 380 ($6.26) price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 21.99% from the stock’s previous close.
LMI has been the subject of a number of other recent research reports. Analysts at Avior Research upgraded shares of Lonmin to an “outperform” rating in a research note to investors on Monday, January 20th. They now have a GBX 366.97 ($6.05) price target on the stock. Separately, analysts at Macquarie reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Thursday, January 16th. They now have a GBX 270 ($4.45) price target on the stock. Finally, analysts at Investec reiterated a “sell” rating on shares of Lonmin in a research note to investors on Thursday, January 16th. They now have a GBX 278 ($4.58) price target on the stock, down previously from GBX 287 ($4.73). Nine analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Lonmin presently has a consensus rating of “Hold” and an average target price of GBX 334.08 ($5.50).
Shares of Lonmin (LON:LMI) traded down 0.51% during mid-day trading on Monday, hitting GBX 311.50. 1,404,318 shares of the company’s stock traded hands. Lonmin has a 52-week low of GBX 249.80 and a 52-week high of GBX 386.00. The stock’s 50-day moving average is GBX 303.4 and its 200-day moving average is GBX 319.7. The company’s market cap is £1.773 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.