Lonmin Plc (LON:LMI) Given Sell Rating at Peel Hunt

Lonmin Plc (LON:LMI)‘s stock had its “sell” rating reiterated by equities research analysts at Peel Hunt in a research note issued to investors on Monday, August 7th. They currently have a GBX 70 ($0.91) price objective on the mining company’s stock. Peel Hunt’s price target would suggest a potential downside of 14.63% from the stock’s previous close.

A number of other research firms have also recently issued reports on LMI. Liberum Capital restated a “sell” rating and set a GBX 15 ($0.19) price target on shares of Lonmin Plc in a report on Wednesday, May 10th. Barclays PLC reiterated an “underweight” rating and issued a GBX 100 ($1.30) target price on shares of Lonmin Plc in a report on Wednesday, May 3rd. J P Morgan Chase & Co cut their target price on Lonmin Plc from GBX 150 ($1.95) to GBX 130 ($1.69) and set a “neutral” rating on the stock in a report on Tuesday, May 16th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a GBX 75 ($0.97) target price on shares of Lonmin Plc in a report on Tuesday, May 16th. Finally, Citigroup Inc. reiterated a “sell” rating and issued a GBX 95 ($1.23) target price on shares of Lonmin Plc in a report on Tuesday, May 23rd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 92.73 ($1.20).

Lonmin Plc (LON:LMI) opened at 82.00 on Monday. The firm’s 50-day moving average is GBX 79.72 and its 200-day moving average is GBX 95.07. The firm’s market capitalization is GBX 231.57 million. Lonmin Plc has a 1-year low of GBX 61.50 and a 1-year high of GBX 236.69.

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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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