Lonmin Plc (LMI) Price Target Cut to GBX 150 by Analysts at Peel Hunt
Lonmin Plc (LON:LMI) had its price objective cut by Peel Hunt from GBX 160 ($2.00) to GBX 150 ($1.87) in a report released on Wednesday morning. They currently have a sell rating on the mining company’s stock.
Several other research analysts have also commented on LMI. Investec raised their price target on shares of Lonmin Plc from GBX 29 ($0.36) to GBX 110 ($1.37) and gave the company a sell rating in a report on Tuesday, July 19th. Royal Bank Of Canada raised their price target on shares of Lonmin Plc from GBX 100 ($1.25) to GBX 180 ($2.25) and gave the company an underperform rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. raised their price target on shares of Lonmin Plc from GBX 125 ($1.56) to GBX 130 ($1.62) and gave the company a sell rating in a report on Monday, August 8th. Deutsche Bank AG restated a sell rating on shares of Lonmin Plc in a report on Tuesday, August 9th. Finally, Barclays PLC restated an underweight rating on shares of Lonmin Plc in a report on Wednesday, September 21st. Nine investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Lonmin Plc has a consensus rating of Sell and a consensus target price of GBX 122.52 ($1.53).
Shares of Lonmin Plc (LON:LMI) traded down 0.54% during mid-day trading on Wednesday, hitting GBX 184.00. 2,250,907 shares of the stock traded hands. The stock’s market cap is GBX 519.62 billion. The stock has a 50-day moving average of GBX 199.37 and a 200 day moving average of GBX 200.95. Lonmin Plc has a one year low of GBX 35.75 and a one year high of GBX 252.56.
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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