Lonmin Plc (LMI) Given Underweight Rating at Barclays PLC
Lonmin Plc (LON:LMI)‘s stock had its “underweight” rating reaffirmed by investment analysts at Barclays PLC in a note issued to investors on Wednesday.
Several other analysts have also issued reports on LMI. Deutsche Bank AG restated a “sell” rating on shares of Lonmin Plc in a research report on Monday, June 6th. Investec boosted their target price on shares of Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the company a “sell” rating in a research report on Tuesday, July 19th. Royal Bank Of Canada boosted their target price on shares of Lonmin Plc from GBX 100 ($1.31) to GBX 180 ($2.35) and gave the company an “underperform” rating in a research report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Lonmin Plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the company a “sell” rating in a research report on Monday, August 8th. Ten research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Sell” and a consensus price target of GBX 88.79 ($1.16).
Lonmin Plc (LON:LMI) opened at 185.50 on Wednesday. The stock has a 50 day moving average of GBX 215.70 and a 200-day moving average of GBX 187.42. Lonmin Plc has a one year low of GBX 35.75 and a one year high of GBX 565.80. The company’s market cap is GBX 402.90 million.
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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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