Lonmin Plc’s Sell Rating Reaffirmed at NOAH Capital Markets (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating restated by NOAH Capital Markets in a research note issued on Thursday. They currently have a GBX 200 ($3.40) price objective on the stock. NOAH Capital Markets’ target price would indicate a potential downside of 11.89% from the stock’s previous close.
A number of other firms have also recently commented on LMI. Analysts at Investec upgraded shares of Lonmin Plc to a “hold” rating in a research note on Monday, July 28th. Separately, analysts at Jefferies Group upgraded shares of Lonmin Plc to a “hold” rating in a research note on Monday, July 28th. They now have a GBX 248 ($4.21) price target on the stock, up previously from GBX 239 ($4.06). Finally, analysts at Deutsche Bank raised their price target on shares of Lonmin Plc from GBX 320 ($5.43) to GBX 350 ($5.94) in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Lonmin Plc currently has an average rating of “Hold” and an average price target of GBX 304.28 ($5.17).
Lonmin Plc (LON:LMI) traded down 0.53% on Thursday, hitting GBX 227.00. 3,546,132 shares of the company’s stock traded hands. Lonmin Plc has a 52 week low of GBX 216.40 and a 52 week high of GBX 2137.8899. The stock’s 50-day moving average is GBX 238.2 and its 200-day moving average is GBX 276.1. The company’s market cap is £1.293 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).
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.