Lonmin Plc (LON:LMI) PT Lowered to GBX 55
Lonmin Plc (LON:LMI) had its target price lowered by equities researchers at Barclays PLC from GBX 100 ($1.30) to GBX 55 ($0.71) in a note issued to investors on Friday. The firm currently has an “underweight” rating on the mining company’s stock. Barclays PLC’s target price points to a potential downside of 18.52% from the stock’s previous close.
A number of other analysts have also weighed in on LMI. Goldman Sachs Group, Inc. (The) upgraded shares of Lonmin Plc to a “neutral” rating and set a GBX 60 ($0.78) price objective for the company in a research note on Friday, June 30th. Peel Hunt lowered shares of Lonmin Plc to a “sell” rating and reduced their price objective for the company from GBX 95 ($1.23) to GBX 70 ($0.91) in a research note on Tuesday, May 30th. HSBC Holdings plc reduced their price objective on shares of Lonmin Plc from GBX 75 ($0.97) to GBX 58 ($0.75) and set a “reduce” rating for the company in a research note on Monday, June 12th. J P Morgan Chase & Co reduced their price target on shares of Lonmin Plc from GBX 130 ($1.68) to GBX 110 ($1.42) and set a “neutral” rating for the company in a research note on Monday, June 5th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 15 ($0.19) price target on shares of Lonmin Plc in a research note on Wednesday, May 10th. Eight 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’s stock. The company presently has an average rating of “Sell” and an average price target of GBX 100.77 ($1.31).
Lonmin Plc (LON:LMI) opened at 67.50 on Friday. The stock’s market capitalization is GBX 190.62 million. The firm has a 50-day moving average of GBX 79.68 and a 200-day moving average of GBX 112.90. Lonmin Plc has a 1-year low of GBX 61.50 and a 1-year high of GBX 252.56.
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About Lonmin Plc
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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