Peel Hunt Reaffirms “Hold” Rating for Lonmin Plc (LMI)

Peel Hunt restated their hold rating on shares of Lonmin Plc (LON:LMI) in a research note issued to investors on Friday, October 6th. They currently have a GBX 70 ($0.93) price objective on the mining company’s stock.

LMI has been the subject of a number of other research reports. Barclays PLC dropped their target price on shares of Lonmin Plc from GBX 100 ($1.33) to GBX 55 ($0.73) and set an underweight rating for the company in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) upgraded shares of Lonmin Plc to a neutral rating and set a GBX 60 ($0.80) target price for the company in a research report on Friday, June 30th. Liberum Capital reiterated a sell rating and set a GBX 15 ($0.20) target price on shares of Lonmin Plc in a research report on Monday, August 7th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 110 ($1.46) target price on shares of Lonmin Plc in a research report on Tuesday, July 18th. Finally, HSBC Holdings plc dropped their target price on shares of Lonmin Plc from GBX 75 ($1.00) to GBX 58 ($0.77) and set a reduce rating for the company in a research report on Monday, June 12th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 92.73 ($1.23).

Shares of Lonmin Plc (LMI) opened at 83.00 on Friday. Lonmin Plc has a 12 month low of GBX 61.50 and a 12 month high of GBX 230.25. The stock’s market cap is GBX 234.39 million. The firm has a 50-day moving average price of GBX 78.53 and a 200-day moving average price of GBX 84.94.

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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.

Analyst Recommendations for Lonmin Plc (LON:LMI)

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