Brokerages Set Lonmin Plc (LMI) Target Price at $107.25
Lonmin Plc (LON:LMI) has been given an average rating of “Sell” by the fourteen ratings firms that are covering the firm. Nine investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 107.25 ($1.34).
LMI has been the topic of a number of recent analyst reports. Barclays PLC reissued an “underweight” rating and issued a GBX 150 ($1.87) price objective on shares of Lonmin Plc in a research note on Monday, October 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Lonmin Plc in a research report on Tuesday, November 15th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Lonmin Plc in a research report on Tuesday, August 9th. Peel Hunt assumed coverage on Lonmin Plc in a research report on Monday, November 7th. They issued a “sell” rating and a GBX 160 ($2.00) price target on the stock. 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 research report on Wednesday, August 3rd.
Shares of Lonmin Plc (LON:LMI) opened at 176.25 on Thursday. Lonmin Plc has a 12 month low of GBX 35.75 and a 12 month high of GBX 252.56. The firm has a 50-day moving average price of GBX 196.90 and a 200 day moving average price of GBX 201.11. The firm’s market capitalization is GBX 497.22 million.
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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