JPMorgan Chase & Co. Reiterates “Overweight” Rating for Lonmin (LMI)
Lonmin (LON:LMI)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Friday, Stock Ratings Network reports. They currently have a GBX 460 ($7.58) target price on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 47.91% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Lonmin in a research note to investors on Friday. They now have a GBX 280 ($4.61) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Lonmin in a research note to investors on Thursday. They now have a GBX 300 ($4.94) price target on the stock. Finally, analysts at Panmure Gordon cut their price target on shares of Lonmin from GBX 555 ($9.14) to GBX 420 ($6.92) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 331.12 ($5.46).
Lonmin (LON:LMI) opened at 303.60 on Friday. 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 304.8 and its 200-day moving average is GBX 320.2. The company’s market cap is £1.728 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.