Lonmin Plc (LMI) Given Hold Rating at Peel Hunt
A number of other equities research analysts have also recently issued reports on the company. J P Morgan Chase & Co restated a neutral rating and issued a GBX 110 ($1.45) price objective on shares of Lonmin Plc in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) raised Lonmin Plc to a neutral rating and set a GBX 60 ($0.79) target price for the company in a report on Friday, June 30th. HSBC Holdings plc reduced their target price on Lonmin Plc from GBX 75 ($0.99) to GBX 58 ($0.76) and set a reduce rating for the company in a report on Monday, June 12th. Barclays PLC cut their price objective on Lonmin Plc from GBX 100 ($1.31) to GBX 55 ($0.72) and set an underweight rating for the company in a report on Friday, July 14th. Finally, Liberum Capital reissued a sell rating and set a GBX 15 ($0.20) price objective on shares of Lonmin Plc in a report on Monday, August 7th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 92.73 ($1.22).
Lonmin Plc (LON:LMI) opened at 81.00 on Friday. The stock’s 50 day moving average is GBX 78.10 and its 200-day moving average is GBX 85.17. Lonmin Plc has a 12-month low of GBX 61.50 and a 12-month high of GBX 230.25. The company’s market capitalization is GBX 228.74 million.
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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