Lonmin Plc Stock Rating Reaffirmed by Credit Suisse (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse in a report issued on Monday, American Banking News.com reports. They currently have a GBX 310 ($5.22) price target on the stock. Credit Suisse’s price objective would suggest a potential upside of 9.66% from the stock’s previous close.
Lonmin Plc (LON:LMI) opened at 280.3817 on Monday. Lonmin Plc has a 52 week low of GBX 249.80 and a 52 week high of GBX 358.80. The stock’s 50-day moving average is GBX 286.3 and its 200-day moving average is GBX 304.4. The company’s market cap is £1.596 billion.
LMI has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Lonmin Plc in a research note on Monday. They now have a GBX 300 ($5.05) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Lonmin Plc in a research note on Monday. They now have a GBX 420 ($7.07) price target on the stock. Finally, analysts at Investec reiterated a “sell” rating on shares of Lonmin Plc in a research note on Monday. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 337.87 ($5.69).
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).
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.