Panmure Gordon Reiterates Buy Rating for Lonmin Plc (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “buy” rating restated by investment analysts at Panmure Gordon in a note issued to investors on Monday. They currently have a GBX 339 ($5.70) price objective on the stock. Panmure Gordon’s price objective would suggest a potential upside of 34.68% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “underweight” rating on shares of Lonmin Plc in a research note on Tuesday, June 3rd. They now have a GBX 205 ($3.45) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lonmin Plc in a research note on Wednesday, May 28th. They now have a GBX 330 ($5.55) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Lonmin Plc in a research note on Thursday, May 22nd. They now have a GBX 277 ($4.66) price target on the stock. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 317 ($5.33).
Shares of Lonmin Plc (LON:LMI) opened at 254.50 on Monday. Lonmin Plc has a 52-week low of GBX 233.70 and a 52-week high of GBX 358.80. The stock’s 50-day moving average is GBX 270.2 and its 200-day moving average is GBX 294.1. The company’s market cap is £1.449 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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