Lonmin Plc (LMI) Stock Rating Reaffirmed by Barclays PLC
Lonmin Plc (LON:LMI)‘s stock had its “underweight” rating restated by research analysts at Barclays PLC in a research report issued on Thursday.
Several other research analysts have also issued reports on LMI. Deutsche Bank AG restated a “sell” rating and set a GBX 106 ($1.31) price target on shares of Lonmin Plc in a report on Monday, July 18th. Investec raised their price target on shares of Lonmin Plc from GBX 29 ($0.36) to GBX 110 ($1.36) and gave the stock a “sell” rating in a report on Tuesday, July 19th. Royal Bank Of Canada lifted their price objective on shares of 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. Goldman Sachs Group Inc. lifted their price objective on shares of 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, BNP Paribas reiterated a “neutral” rating and issued a GBX 180 ($2.23) price objective on shares of Lonmin Plc in a research note on Thursday, October 6th. Nine investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Sell” and an average price target of GBX 123.29 ($1.53).
Shares of Lonmin Plc (LON:LMI) opened at 204.057388 on Thursday. Lonmin Plc has a 52-week low of GBX 35.75 and a 52-week high of GBX 252.56. The firm’s 50-day moving average is GBX 200.42 and its 200 day moving average is GBX 200.61. The company’s market capitalization is GBX 443.21 million.
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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