Societe Generale Gives Sell Rating to Lonmin (LMI)
Lonmin opened at 293.00 on Tuesday. Lonmin has a 52-week low of GBX 246.00 and a 52-week high of GBX 726.223. The stock’s 50-day moving average is currently GBX 581.0. The company’s market cap is £593.8 million.
A number of other firms have also recently commented on LMI. Analysts at RBC Capital reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Monday, December 31st. They now have a $4.20 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Lonmin in a research note to investors on Tuesday, December 18th. They set a “sell” rating and a $3.53 price target on the stock.
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company during the fiscal year ended September 30, 2011 (fiscal 2011), were mining, refining and marketing of Platinum Group Metals (PGM).
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