Lonmin’s “Neutral” Rating Reaffirmed at BNP Paribas (LMI)
Lonmin (LON:LMI)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a report issued on Friday, American Banking & Market News reports. They currently have a GBX 280 ($4.61) price target on the stock. BNP Paribas’ target price would indicate a potential downside of 8.82% from the stock’s previous close.
Shares of Lonmin (LON:LMI) opened at 307.10 on Friday. 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 305. and a 200-day moving average of GBX 320.1. The company’s market cap is £1.748 billion.
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 Thursday. They now have a GBX 300 ($4.94) price target on the stock. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lonmin in a research note to investors on Monday, January 27th. They now have a GBX 380 ($6.26) price target on the stock. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 331.12 ($5.46).
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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