Lonmin Plc (LMI) Given Average Rating of “Sell” by Analysts
Shares of Lonmin Plc (LON:LMI) have been assigned a consensus rating of “Sell” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 106.67 ($1.35).
LMI has been the subject of a number of recent analyst reports. HSBC Holdings plc decreased their price target on shares of Lonmin Plc from GBX 75 ($0.95) to GBX 58 ($0.73) and set a “reduce” rating for the company in a research report on Monday. Barclays PLC decreased their price target on shares of Lonmin Plc from GBX 145 ($1.83) to GBX 100 ($1.27) and set an “underweight” rating for the company in a research report on Friday, April 21st. Liberum Capital reissued a “sell” rating and set a GBX 15 ($0.19) price target on shares of Lonmin Plc in a research report on Friday, March 10th. J P Morgan Chase & Co reduced their price objective on Lonmin Plc from GBX 220 ($2.78) to GBX 150 ($1.90) and set a “neutral” rating on the stock in a research note on Thursday, March 16th. Finally, Peel Hunt cut Lonmin Plc to a “sell” rating and reduced their price objective for the stock from GBX 95 ($1.20) to GBX 70 ($0.89) in a research note on Tuesday, May 30th.
Shares of Lonmin Plc (LON LMI) traded up 1.08% during mid-day trading on Tuesday, hitting GBX 70.00. 1,110,018 shares of the stock traded hands. Lonmin Plc has a one year low of GBX 68.50 and a one year high of GBX 252.56. The stock has a 50-day moving average of GBX 94.57 and a 200 day moving average of GBX 120.86. The stock’s market cap is GBX 197.68 million.
In related news, insider Varda Shine acquired 5,646 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The shares were acquired at an average cost of GBX 88 ($1.11) per share, for a total transaction of £4,968.48 ($6,285.24).
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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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