Lonmin Plc (LMI) Stock Rating Reaffirmed by Liberum Capital
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating restated by Liberum Capital in a report issued on Monday. They presently have a GBX 15 ($0.20) price objective on the mining company’s stock. Liberum Capital’s target price would suggest a potential downside of 83.15% from the stock’s current price.
Other equities analysts have also issued reports about the company. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 110 ($1.45) price objective on shares of Lonmin Plc in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) upgraded Lonmin Plc to a “neutral” rating and set a GBX 60 ($0.79) price objective on the stock in a research report on Friday, June 30th. HSBC Holdings plc reduced their price objective on Lonmin Plc from GBX 75 ($0.99) to GBX 58 ($0.77) and set a “reduce” rating on the stock in a research report on Monday, June 12th. Peel Hunt lowered Lonmin Plc to a “sell” rating and reduced their price objective for the company from GBX 95 ($1.25) to GBX 70 ($0.92) in a research report on Tuesday, May 30th. Finally, Citigroup Inc. reiterated a “sell” rating and set a GBX 95 ($1.25) price objective on shares of Lonmin Plc in a research report on Tuesday, May 23rd. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Lonmin Plc presently has a consensus rating of “Hold” and a consensus price target of GBX 92.73 ($1.22).
Lonmin Plc (LMI) opened at 91.25 on Monday. Lonmin Plc has a 52-week low of GBX 61.50 and a 52-week high of GBX 248.75. The firm has a 50-day moving average price of GBX 73.36 and a 200-day moving average price of GBX 100.90. The company’s market cap is GBX 257.69 million.
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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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