Lonmin Plc (LMI) Earns “Sell” Rating from Liberum Capital
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating restated by analysts at Liberum Capital in a research note issued on Monday. They presently have a GBX 15 ($0.20) price target on the mining company’s stock. Liberum Capital’s price objective suggests a potential downside of 83.15% from the stock’s current price.
A number of other brokerages have also issued reports on LMI. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 110 ($1.45) price target on shares of Lonmin Plc in a report on Tuesday, July 18th. Barclays PLC lowered their price target on Lonmin Plc from GBX 145 ($1.91) to GBX 100 ($1.32) and set an “underweight” rating for the company in a report on Friday, April 21st. Peel Hunt lowered Lonmin Plc to a “sell” rating and lowered their price target for the company from GBX 95 ($1.25) to GBX 70 ($0.92) in a report on Tuesday, May 30th. HSBC Holdings plc lowered their price target on Lonmin Plc from GBX 75 ($0.99) to GBX 58 ($0.77) and set a “reduce” rating for the company in a report on Monday, June 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded Lonmin Plc to a “neutral” rating and set a GBX 60 ($0.79) price target for the company in a report on Friday, June 30th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Lonmin Plc presently has a consensus rating of “Hold” and an average price target of GBX 92.73 ($1.22).
Lonmin Plc (LON LMI) opened at 93.00 on Monday. The stock’s market cap is GBX 262.63 million. The stock has a 50 day moving average price of GBX 73.36 and a 200-day moving average price of GBX 100.90. Lonmin Plc has a 1-year low of GBX 61.50 and a 1-year high of GBX 248.75.
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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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