Lonmin Plc’s (LMI) Hold Rating Reaffirmed at Peel Hunt
Peel Hunt restated their hold rating on shares of Lonmin Plc (LON:LMI) in a research note published on Friday morning. The brokerage currently has a GBX 70 ($0.92) price objective on the mining company’s stock.
LMI has been the subject of a number of other reports. Barclays PLC decreased their price target on Lonmin Plc from GBX 100 ($1.32) to GBX 55 ($0.73) and set an underweight rating for the company in a research note on Friday, July 14th. Liberum Capital reaffirmed a sell rating and set a GBX 15 ($0.20) price target on shares of Lonmin Plc in a research note on Monday, August 7th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 110 ($1.45) price target on shares of Lonmin Plc in a research note on Tuesday, July 18th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 95 ($1.25).
Shares of Lonmin Plc (LON:LMI) traded down GBX 32.25 ($0.43) during mid-day trading on Friday, reaching GBX 72 ($0.95). The company had a trading volume of 23,724,768 shares.
About Lonmin Plc
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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