Lonmin Plc (LMI) Given “Overweight” Rating at JPMorgan Chase & Co.
A number of other analysts have also commented on the company. Deutsche Bank AG reiterated a sell rating and set a GBX 106 ($1.32) price target on shares of Lonmin Plc in a report on Monday, July 18th. Investec lifted their price target on Lonmin Plc from GBX 29 ($0.36) to GBX 110 ($1.37) and gave the stock a sell rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. lifted their price target on Lonmin Plc from GBX 125 ($1.56) to GBX 130 ($1.62) and gave the stock a sell rating in a report on Monday, August 8th. Barclays PLC reiterated an underweight rating on shares of Lonmin Plc in a report on Thursday, November 10th. Finally, Royal Bank Of Canada lifted their price target on Lonmin Plc from GBX 100 ($1.25) to GBX 180 ($2.25) and gave the stock an underperform rating in a report on Wednesday, August 3rd. Nine equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Lonmin Plc has an average rating of Sell and an average target price of GBX 122.52 ($1.53).
Lonmin Plc (LON:LMI) traded down 3.52% during mid-day trading on Tuesday, hitting GBX 185.00. The stock had a trading volume of 2,798,399 shares. The firm’s 50-day moving average is GBX 199.37 and its 200 day moving average is GBX 200.95. The company’s market cap is GBX 401.82 million. Lonmin Plc has a 12 month low of GBX 35.75 and a 12 month high of GBX 252.56.
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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