Deutsche Bank AG reaffirmed their sell rating on shares of Lonmin Plc (LON:LMI) in a report issued on Tuesday morning. Deutsche Bank AG currently has a GBX 90 ($1.17) price objective on the mining company’s stock, down from their previous price objective of GBX 110 ($1.44).
Several other research firms have also weighed in on LMI. Investec boosted their target price on Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the stock a sell rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. boosted 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. Royal Bank Of Canada boosted 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, Barclays PLC restated an underweight rating on shares of Lonmin Plc in a research report on Wednesday, September 21st. Ten equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Lonmin Plc presently has an average rating of Sell and an average price target of GBX 90.92 ($1.19).
Shares of Lonmin Plc (LON:LMI) opened at 200.00 on Tuesday. The stock’s 50 day moving average is GBX 204.53 and its 200-day moving average is GBX 191.16. The firm’s market cap is GBX 434.40 million. Lonmin Plc has a 52-week low of GBX 35.75 and a 52-week high of GBX 565.80.