Lonmin Plc (LMI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Lonmin Plc (LON:LMI) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 83.50 ($1.13).

A number of research analysts have recently issued reports on LMI shares. Peel Hunt upgraded shares of Lonmin to a “hold” rating and lifted their target price for the company from GBX 60 ($0.81) to GBX 85 ($1.15) in a research note on Thursday, December 14th. Liberum Capital reiterated a “sell” rating and issued a GBX 15 ($0.20) target price on shares of Lonmin in a research note on Wednesday, October 18th. Barclays lifted their target price on shares of Lonmin from GBX 55 ($0.75) to GBX 80 ($1.08) and gave the company an “underweight” rating in a research note on Tuesday, October 24th. Shore Capital Group reiterated a “not rated” rating on shares of Lonmin in a research note on Friday, November 3rd. Finally, Deutsche Bank upgraded shares of Lonmin to a “hold” rating in a research note on Monday, January 15th.

Lonmin (LON:LMI) opened at GBX 84 ($1.14) on Friday. Lonmin has a one year low of GBX 55.75 ($0.76) and a one year high of GBX 186.75 ($2.53). The stock has a market cap of $233.50 and a P/E ratio of -33.87.

WARNING: “Lonmin Plc (LMI) Receives Consensus Recommendation of “Hold” from Brokerages” was first published by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2018/01/26/lonmin-plc-lmi-receives-consensus-recommendation-of-hold-from-brokerages.html.

About Lonmin

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.

Analyst Recommendations for Lonmin (LON:LMI)

Receive News & Ratings for Lonmin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonmin and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply