Peel Hunt Reaffirms “Sell” Rating for Lonmin Plc (LON:LMI)
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating restated by stock analysts at Peel Hunt in a report released on Monday. They currently have a GBX 70 ($0.92) price target on the mining company’s stock. Peel Hunt’s price objective would indicate a potential downside of 24.32% from the company’s current price.
A number of other research firms also recently weighed in on LMI. Liberum Capital reaffirmed a “sell” rating and set a GBX 15 ($0.20) price target on shares of Lonmin Plc in a research note on Wednesday, May 10th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 100 ($1.32) price target on shares of Lonmin Plc in a research note on Wednesday, May 3rd. J P Morgan Chase & Co cut their price target on shares of Lonmin Plc from GBX 150 ($1.98) to GBX 130 ($1.71) and set a “neutral” rating on the stock in a research note on Tuesday, May 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a GBX 75 ($0.99) price target on shares of Lonmin Plc in a research note on Tuesday, May 16th. Finally, Citigroup Inc. reaffirmed a “sell” rating and set a GBX 95 ($1.25) price target on shares of Lonmin Plc in a research note on Tuesday, May 23rd. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 92.73 ($1.22).
Lonmin Plc (LMI) traded up 5.34% during trading on Monday, hitting GBX 93.75. 1,603,459 shares of the company’s stock traded hands. The stock’s market cap is GBX 264.75 million. The firm’s 50-day moving average price is GBX 73.36 and its 200 day moving average price is GBX 100.90. Lonmin Plc has a 12-month low of GBX 61.50 and a 12-month high of GBX 248.75.
WARNING: “Peel Hunt Reaffirms “Sell” Rating for Lonmin Plc (LON:LMI)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/07/peel-hunt-reaffirms-sell-rating-for-lonmin-plc-lonlmi.html.
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.
Receive News & Ratings for Lonmin Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonmin Plc and related companies with MarketBeat.com's FREE daily email newsletter.