Lonmin Plc (LMI) Stock Rating Reaffirmed by Deutsche Bank AG
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating reiterated by research analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They presently have a GBX 90 ($1.17) target price on the mining company’s stock, down from their prior target price of GBX 110 ($1.44). Deutsche Bank AG’s target price indicates a potential downside of 54.94% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of 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. Goldman Sachs Group Inc. boosted their price objective on shares of 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. Investec boosted their price objective on shares of 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. Finally, Barclays PLC reissued an “underweight” rating on shares of Lonmin Plc in a research report on Wednesday, September 21st. Ten research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Sell” and an average target price of GBX 87.79 ($1.15).
Lonmin Plc (LON:LMI) opened at 200.75 on Tuesday. The company’s market cap is GBX 436.03 million. The company has a 50-day moving average price of GBX 206.33 and a 200-day moving average price of GBX 190.93. Lonmin Plc has a 1-year low of GBX 35.75 and a 1-year high of GBX 565.80.
About Lonmin Plc
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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