Lonmin plc (LMI) Given Consensus Rating of “Sell” by Analysts
Lonmin plc (LON:LMI) has earned an average rating of “Sell” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 78.67 ($1.06).
Several brokerages have weighed in on LMI. Shore Capital Group reissued a “not rated” rating on shares of Lonmin in a research report on Friday, November 3rd. Peel Hunt dropped their price target on shares of Lonmin from GBX 70 ($0.94) to GBX 60 ($0.81) and set a “reduce” rating for the company in a research report on Tuesday, November 7th. Shore Capital reissued a “not rated” rating on shares of Lonmin in a research report on Friday, November 3rd. Barclays increased their price target on shares of Lonmin from GBX 55 ($0.74) to GBX 80 ($1.08) and gave the company an “underweight” rating in a research report on Tuesday, October 24th. Finally, Liberum Capital reissued a “sell” rating and set a GBX 15 ($0.20) price target on shares of Lonmin in a research report on Wednesday, October 18th.
Shares of Lonmin (LMI) opened at GBX 57.50 ($0.77) on Thursday. Lonmin has a 12-month low of GBX 58.50 ($0.79) and a 12-month high of GBX 186.75 ($2.51).
Lonmin 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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