Lonmin Plc (LMI) Rating Reiterated by Peel Hunt
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating reaffirmed by equities researchers at Peel Hunt in a research note issued on Monday. They currently have a GBX 70 ($0.91) target price on the mining company’s stock. Peel Hunt’s target price indicates a potential downside of 23.29% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 110 ($1.43) price objective on shares of Lonmin Plc in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) raised Lonmin Plc to a “neutral” rating and set a GBX 60 ($0.78) price objective for the company in a research report on Friday, June 30th. HSBC Holdings plc reduced their price objective on Lonmin Plc from GBX 75 ($0.98) to GBX 58 ($0.76) and set a “reduce” rating for the company in a research report on Monday, June 12th. Citigroup Inc. reissued a “sell” rating and issued a GBX 95 ($1.24) price objective on shares of Lonmin Plc in a research report on Tuesday, May 23rd. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 15 ($0.20) price objective on shares of Lonmin Plc in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 92.73 ($1.21).
Shares of Lonmin Plc (LON LMI) opened at 91.50 on Monday. The firm’s market capitalization is GBX 258.40 million. Lonmin Plc has a 12-month low of GBX 61.50 and a 12-month high of GBX 248.75. The company has a 50-day moving average of GBX 75.73 and a 200 day moving average of GBX 98.57.
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Lonmin Plc Company Profile
Lonmin Plc is a producer of platinum group metals (PGMs). The Company is engaged in the discovery, extraction, refining and marketing of PGMs. The Company’s segments include PGM Operations, Evaluation, Exploration and Other. Its geographical segments include The Americas, Asia, Europe and South Africa.
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