Lonmin Plc (LMI) PT Lowered to GBX 60
Lonmin Plc (LON:LMI) had its price target dropped by equities research analysts at Peel Hunt from GBX 70 ($0.92) to GBX 60 ($0.79) in a report released on Tuesday. The brokerage presently has a “reduce” rating on the mining company’s stock. Peel Hunt’s target price would suggest a potential downside of 7.34% from the stock’s current price.
A number of other brokerages also recently issued reports on LMI. Barclays PLC increased their price target on Lonmin Plc from GBX 55 ($0.72) to GBX 80 ($1.05) and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Liberum Capital restated a “sell” rating and issued a GBX 15 ($0.20) target price on shares of Lonmin Plc in a research report on Monday, August 7th. Shore Capital restated a “not rated” rating on shares of Lonmin Plc in a research report on Friday, November 3rd. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 110 ($1.45) target price on shares of Lonmin Plc in a research report on Tuesday, July 18th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 94.09 ($1.24).
Lonmin Plc (LON LMI) opened at GBX 64.75 ($0.85) on Tuesday. Lonmin Plc has a 1 year low of GBX 61.50 ($0.81) and a 1 year high of GBX 230.25 ($3.03).
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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