Lonmin Plc (LMI) Given Neutral Rating at BNP Paribas
Lonmin Plc (LON:LMI)‘s stock had its “neutral” rating reissued by analysts at BNP Paribas in a report released on Thursday. They currently have a GBX 180 ($2.35) price target on the mining company’s stock. BNP Paribas’ target price would suggest a potential downside of 9.89% from the company’s previous close.
Several other analysts have also issued reports on LMI. Deutsche Bank AG restated a “sell” rating and set a GBX 106 ($1.38) target price on shares of Lonmin Plc in a research report on Monday, July 18th. Goldman Sachs Group Inc. lifted their price target on shares of Lonmin Plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the company a “sell” rating in a report on Monday, August 8th. Royal Bank Of Canada lifted their price target on shares of Lonmin Plc from GBX 100 ($1.31) to GBX 180 ($2.35) and gave the company an “underperform” rating in a report on Wednesday, August 3rd. Investec lifted their price target on shares of Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the company a “sell” rating in a report on Tuesday, July 19th. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of Lonmin Plc in a report on Wednesday, September 21st. Ten research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Lonmin Plc presently has a consensus rating of “Sell” and an average target price of GBX 90.92 ($1.19).
Lonmin Plc (LON:LMI) opened at 199.75 on Thursday. The stock has a 50 day moving average of GBX 206.33 and a 200-day moving average of GBX 190.93. The company’s market cap is GBX 433.86 million. Lonmin Plc has a one year low of GBX 35.75 and a one year high of GBX 565.80.
About Lonmin Plc
Lonmin PLC is a producer of platinum group metals (PGMs). The Company explores, mines, refines and markets PGMs, including platinum, palladium, rhodium, iridium, ruthenium and gold. The Company’s segments include PGM Operations, Evaluation and Exploration. The PGM Operations segment consists of the operational mines and processing facilities, which are located in South Africa.
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