Lonmin Plc’s “Buy” Rating Reaffirmed at Deutsche Bank (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 320 ($5.45) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 33.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of Lonmin Plc in a research note on Wednesday. They now have a GBX 180 ($3.07) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lonmin Plc in a research note on Monday, June 23rd. They now have a GBX 310 ($5.28) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Lonmin Plc in a research note on Monday, June 16th. They now have a GBX 280 ($4.77) price target on the stock. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Lonmin Plc presently has an average rating of “Hold” and an average price target of GBX 307.59 ($5.24).
Shares of Lonmin Plc (LON:LMI) traded up 2.55% on Wednesday, hitting GBX 245.40. The stock had a trading volume of 2,290,366 shares. Lonmin Plc has a 1-year low of GBX 225.90 and a 1-year high of GBX 358.80. The stock has a 50-day moving average of GBX 250.7 and a 200-day moving average of GBX 286.. The company’s market cap is £1.398 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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