Lonmin Plc (LMI) Receives Consensus Recommendation of “Hold” from Analysts
Lonmin Plc (LON:LMI) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 92.73 ($1.20).
A number of equities analysts have issued reports on LMI shares. Peel Hunt downgraded Lonmin Plc to a “sell” rating and cut their price target for the company from GBX 95 ($1.23) to GBX 70 ($0.91) in a research note on Tuesday, May 30th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 110 ($1.42) price target on shares of Lonmin Plc in a research note on Tuesday, July 18th. Barclays PLC reiterated an “underweight” rating and set a GBX 100 ($1.29) price target on shares of Lonmin Plc in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a GBX 75 ($0.97) price target on shares of Lonmin Plc in a research note on Tuesday, May 16th. Finally, Citigroup Inc. reissued a “sell” rating and set a GBX 95 ($1.23) target price on shares of Lonmin Plc in a research report on Tuesday, May 23rd.
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Shares of Lonmin Plc (LON LMI) opened at 83.25 on Tuesday. Lonmin Plc has a 1-year low of GBX 61.50 and a 1-year high of GBX 230.25. The stock’s 50 day moving average price is GBX 81.76 and its 200-day moving average price is GBX 93.33. The stock’s market capitalization is GBX 235.10 million.
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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