Lonmin Plc’s Buy Rating Reiterated at Deutsche Bank (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Wednesday. They currently have a GBX 350 ($5.81) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 51.12% from the stock’s previous close.
Shares of Lonmin Plc (LON:LMI) traded down 0.69% on Wednesday, hitting GBX 230.00. The stock had a trading volume of 1,730,780 shares. Lonmin Plc has a one year low of GBX 212.60 and a one year high of GBX 358.80. The stock has a 50-day moving average of GBX 226.6 and a 200-day moving average of GBX 261.7. The company’s market cap is £1.310 billion.
A number of other firms have also recently commented on LMI. Analysts at NOAH Capital Markets reiterated a “sell” rating on shares of Lonmin Plc in a research note on Thursday, July 31st. They now have a GBX 200 ($3.32) price target on the stock. Separately, analysts at Investec upgraded shares of Lonmin Plc to a “hold” rating in a research note on Monday, July 28th. Finally, 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 ($4.12) price target on the stock, up previously from GBX 239 ($3.97). Four analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Lonmin Plc presently has an average rating of “Hold” and an average target price of GBX 304.28 ($5.05).
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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