Analysts Set Lonmin Plc (LMI) PT at $100.08
Lonmin Plc (LON:LMI) has earned a consensus recommendation of “Sell” from the sixteen research firms that are presently covering the company. Ten analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 100.08 ($1.24).
A number of equities analysts have weighed in on the company. Deutsche Bank AG reiterated a “sell” rating and set a GBX 90 ($1.11) price objective (down previously from GBX 110 ($1.36)) on shares of Lonmin Plc in a research note on Tuesday, October 4th. Royal Bank Of Canada lifted their price target on Lonmin Plc from GBX 100 ($1.24) to GBX 180 ($2.23) and gave the company an “underperform” rating in a research note on Wednesday, August 3rd. BNP Paribas restated a “neutral” rating and issued a GBX 180 ($2.23) price target on shares of Lonmin Plc in a research note on Thursday, October 6th. Goldman Sachs Group Inc. lifted their price target on Lonmin Plc from GBX 125 ($1.55) to GBX 130 ($1.61) and gave the company a “sell” rating in a research note on Monday, August 8th. Finally, Investec lifted their price target on Lonmin Plc from GBX 29 ($0.36) to GBX 110 ($1.36) and gave the company a “sell” rating in a research note on Tuesday, July 19th.
Shares of Lonmin Plc (LON:LMI) opened at 187.50 on Thursday. The company’s market capitalization is GBX 407.25 million. The stock has a 50 day moving average price of GBX 200.93 and a 200 day moving average price of GBX 192.72. Lonmin Plc has a 1-year low of GBX 35.75 and a 1-year high of GBX 441.84.
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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