Deutsche Bank Reiterates “Buy” Rating for Lonmin (LMI)
Lonmin (LON:LMI)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 380 ($6.37) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 16.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital upgraded shares of Lonmin to an “outperform” rating in a research note on Thursday, February 6th. They now have a GBX 370 ($6.20) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lonmin in a research note on Friday, January 31st. They now have a GBX 460 ($7.71) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Lonmin in a research note on Friday, January 31st. They now have a GBX 280 ($4.69) price target on the stock. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 335.71 ($5.63).
Shares of Lonmin (LON:LMI) traded down 0.43% on Tuesday, hitting GBX 325.10. The stock had a trading volume of 1,032,532 shares. Lonmin has a 52-week low of GBX 249.80 and a 52-week high of GBX 373.40. The stock has a 50-day moving average of GBX 312.3 and a 200-day moving average of GBX 321.1. The company’s market cap is £1.851 billion.
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company were mining, refining and marketing of Platinum Group Metals (LON:LMI).
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