Lonmin Plc (LMI) Receives Underweight Rating from Barclays PLC
A number of other equities research analysts have also weighed in on the company. Royal Bank Of Canada boosted their price objective on Lonmin Plc from GBX 100 ($1.31) to GBX 180 ($2.35) and gave the stock an underperform rating in a research report on Wednesday, August 3rd. Deutsche Bank AG restated a sell rating on shares of Lonmin Plc in a research report on Tuesday, August 9th. Goldman Sachs Group Inc. boosted their price objective on Lonmin Plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the stock a sell rating in a research report on Monday, August 8th. Finally, Investec boosted their price objective on Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the stock a sell rating in a research report on Tuesday, July 19th. Ten investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Sell and an average target price of GBX 88.79 ($1.16).
Lonmin Plc (LON:LMI) opened at 200.25 on Wednesday. The company’s market cap is GBX 434.94 million. The company has a 50-day moving average price of GBX 214.45 and a 200 day moving average price of GBX 187.40. Lonmin Plc has a 12-month low of GBX 35.75 and a 12-month high of GBX 565.80.
Lonmin Plc Company Profile
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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