Lonmin Plc (LMI) Receives Average Recommendation of “Hold” from Analysts
Shares of Lonmin Plc (LON:LMI) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 92.73 ($1.23).
A number of research analysts have weighed in on LMI shares. Liberum Capital reiterated a “sell” rating and issued a GBX 15 ($0.20) price objective on shares of Lonmin Plc in a research report on Wednesday. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 110 ($1.46) price objective on shares of Lonmin Plc in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) upgraded shares of Lonmin Plc to a “neutral” rating and set a GBX 60 ($0.80) price objective for the company in a research report on Friday, June 30th. Peel Hunt upgraded shares of Lonmin Plc to a “hold” rating and set a GBX 70 ($0.93) price objective for the company in a research report on Friday, September 22nd. Finally, Barclays PLC decreased their price objective on shares of Lonmin Plc from GBX 100 ($1.33) to GBX 55 ($0.73) and set an “underweight” rating for the company in a research report on Friday, July 14th.
Shares of Lonmin Plc (LON LMI) opened at 83.00 on Wednesday. Lonmin Plc has a 52 week low of GBX 61.50 and a 52 week high of GBX 230.25. The firm has a 50-day moving average price of GBX 78.33 and a 200-day moving average price of GBX 84.98. The stock’s market cap is GBX 234.39 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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