Lonmin Plc (LON:LMI)‘s stock had its “sell” rating reissued by research analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Tuesday, May 16th. They currently have a GBX 75 ($0.95) price target on the mining company’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 9.89% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the stock. Peel Hunt upgraded shares of Lonmin Plc to a “hold” rating and decreased their price objective for the company from GBX 105 ($1.33) to GBX 95 ($1.20) in a report on Tuesday, March 28th. J P Morgan Chase & Co cut shares of Lonmin Plc to a “neutral” rating and decreased their price objective for the company from GBX 250 ($3.16) to GBX 220 ($2.78) in a report on Friday, January 27th. Liberum Capital restated a “sell” rating and set a GBX 15 ($0.19) price objective on shares of Lonmin Plc in a report on Wednesday, May 10th. Barclays PLC restated an “underweight” rating and set a GBX 100 ($1.27) price objective on shares of Lonmin Plc in a report on Wednesday, May 3rd. Finally, HSBC Holdings plc decreased their price objective on shares of Lonmin Plc from GBX 116 ($1.47) to GBX 98 ($1.24) and set a “reduce” rating for the company in a report on Friday, January 27th. Nine research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Sell” and an average price target of GBX 106.67 ($1.35).
Shares of Lonmin Plc (LON LMI) traded down 1.09% during midday trading on Tuesday, hitting GBX 68.25. The stock had a trading volume of 1,558,397 shares. Lonmin Plc has a one year low of GBX 66.25 and a one year high of GBX 252.56. The company’s market cap is GBX 192.74 million. The firm has a 50 day moving average of GBX 90.62 and a 200-day moving average of GBX 118.71.
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In other Lonmin Plc news, insider Varda Shine acquired 5,646 shares of the business’s stock in a transaction dated Friday, March 31st. The shares were acquired at an average price of GBX 88 ($1.11) per share, with a total value of £4,968.48 ($6,285.24).
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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