Lonmin Plc Stock Rating Reaffirmed by Goldman Sachs (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “neutral” rating reaffirmed by investment analysts at Goldman Sachs in a note issued to investors on Thursday. They currently have a GBX 270 ($4.54) price target on the stock. Goldman Sachs’ price objective points to a potential upside of 14.07% from the stock’s previous close.
Lonmin Plc (LON:LMI) traded up 8.87% on Thursday, hitting GBX 257.70. The stock had a trading volume of 8,410,452 shares. Lonmin Plc has a 1-year low of GBX 233.70 and a 1-year high of GBX 358.80. The stock’s 50-day moving average is GBX 266.4 and its 200-day moving average is GBX 292.1. The company’s market cap is £1.468 billion.
LMI has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Lonmin Plc in a research note on Monday. They now have a GBX 339 ($5.70) price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 314.14 ($5.28).
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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