Lonmin Plc (LMI) Given Consensus Recommendation of “Sell” by Analysts

Shares of Lonmin Plc (LON:LMI) have been given an average recommendation of “Sell” by the twelve analysts that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 106.67 ($1.36).

A number of brokerages recently commented on LMI. HSBC Holdings plc reduced their price target on Lonmin Plc from GBX 75 ($0.96) to GBX 58 ($0.74) and set a “reduce” rating for the company in a report on Monday, June 12th. J P Morgan Chase & Co reduced their price target on Lonmin Plc from GBX 130 ($1.66) to GBX 110 ($1.40) and set a “neutral” rating for the company in a report on Monday, June 5th. Peel Hunt downgraded Lonmin Plc to a “sell” rating and reduced their price target for the company from GBX 95 ($1.21) to GBX 70 ($0.89) in a report on Tuesday, May 30th. Citigroup Inc. reaffirmed a “sell” rating and set a GBX 95 ($1.21) target price on shares of Lonmin Plc in a report on Tuesday, May 23rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a GBX 75 ($0.96) target price on shares of Lonmin Plc in a report on Tuesday, May 16th.

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In other news, insider Varda Shine purchased 5,646 shares of the firm’s stock in a transaction on Friday, March 31st. The stock was purchased at an average cost of GBX 88 ($1.12) per share, with a total value of £4,968.48 ($6,330.08).

Shares of Lonmin Plc (LON:LMI) traded down 2.99% during mid-day trading on Tuesday, hitting GBX 65.00. 1,640,555 shares of the stock were exchanged. Lonmin Plc has a 12 month low of GBX 63.50 and a 12 month high of GBX 252.56. The stock’s market cap is GBX 183.56 million. The company has a 50-day moving average price of GBX 88.86 and a 200-day moving average price of GBX 117.52.

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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