Lonmin Plc (LMI) Given “Sell” Rating at Deutsche Bank AG
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating restated by Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They currently have a GBX 90 ($1.17) price target on the mining company’s stock, down from their previous price target of GBX 110 ($1.44). Deutsche Bank AG’s price objective points to a potential downside of 54.14% from the stock’s current price.
A number of other brokerages have also weighed in on LMI. Barclays PLC restated an “underweight” rating on shares of Lonmin Plc in a research report on Wednesday, September 21st. Investec raised their price objective on Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the company a “sell” rating in a research report on Tuesday, July 19th. Royal Bank Of Canada raised their price objective on Lonmin Plc from GBX 100 ($1.31) to GBX 180 ($2.35) and gave the company an “underperform” rating in a research report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. raised their price objective on Lonmin Plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the company a “sell” rating in a research report on Monday, August 8th. Ten investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Sell” and an average price target of GBX 90.92 ($1.19).
Lonmin Plc (LON:LMI) traded up 2.8834% on Tuesday, reaching GBX 200.6837. The company’s stock had a trading volume of 1,260,190 shares. The company’s market capitalization is GBX 566.73 billion. Lonmin Plc has a one year low of GBX 35.75 and a one year high of GBX 565.80. The firm has a 50-day moving average of GBX 204.53 and a 200-day moving average of GBX 191.16.
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Lonmin Plc Company Profile
Lonmin PLC is a producer of platinum group metals (PGMs). The Company explores, mines, refines and markets PGMs, including platinum, palladium, rhodium, iridium, ruthenium and gold. The Company’s segments include PGM Operations, Evaluation and Exploration. The PGM Operations segment consists of the operational mines and processing facilities, which are located in South Africa.
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