Lonmin Plc Receives “Overweight” Rating from HSBC (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “overweight” rating restated by investment analysts at HSBC in a note issued to investors on Tuesday, Analyst Ratings Net reports. They currently have a GBX 477 ($8.01) target price on the stock. HSBC’s target price would suggest a potential upside of 68.31% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lonmin Plc in a research note on Friday. They now have a GBX 350 ($5.88) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Lonmin Plc in a research note on Friday, April 11th. They now have a GBX 425 ($7.14) price target on the stock. Finally, analysts at Investec cut their price target on shares of Lonmin Plc from GBX 278 ($4.67) to GBX 258 ($4.33) in a research note on Tuesday, April 8th. They now have a “sell” rating on the stock. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Lonmin Plc currently has an average rating of “Hold” and a consensus price target of GBX 332.16 ($5.58).
Shares of Lonmin Plc (LON:LMI) traded down 0.49% on Tuesday, hitting GBX 283.40. 658,014 shares of the company’s stock traded hands. Lonmin Plc has a 52-week low of GBX 249.80 and a 52-week high of GBX 358.80. The stock has a 50-day moving average of GBX 287.4 and a 200-day moving average of GBX 306.2. The company’s market cap is £1.613 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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