Lonmin Plc (LON:LMI) had its price target lowered by HSBC Holdings plc from GBX 75 ($0.96) to GBX 58 ($0.74) in a research report issued to clients and investors on Monday, June 12th. The firm currently has a “reduce” rating on the mining company’s stock. HSBC Holdings plc’s price target suggests a potential downside of 13.43% from the company’s current price.
Other analysts also recently issued reports about the company. J P Morgan Chase & Co decreased their target price on Lonmin Plc from GBX 130 ($1.66) to GBX 110 ($1.40) and set a “neutral” rating for the company in a research report on Monday, June 5th. Liberum Capital reiterated a “sell” rating and issued a GBX 15 ($0.19) price target on shares of Lonmin Plc in a research report on Wednesday, May 10th. Barclays PLC reduced their target price on Lonmin Plc from GBX 145 ($1.85) to GBX 100 ($1.27) and set an “underweight” rating for the company in a research report on Friday, April 21st. Citigroup Inc. reaffirmed a “sell” rating and set a GBX 95 ($1.21) price target on shares of Lonmin Plc in a research note on Tuesday, May 23rd. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 95 ($1.21) target price on shares of Lonmin Plc in a research note on Thursday, April 6th. Nine equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Lonmin Plc currently has an average rating of “Sell” and an average price target of GBX 106.67 ($1.36).
Lonmin Plc (LON:LMI) traded down 2.61% during mid-day trading on Monday, reaching GBX 65.25. 1,024,888 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of GBX 88.86 and a 200-day moving average price of GBX 117.52. The stock’s market cap is GBX 184.27 million. Lonmin Plc has a 52 week low of GBX 63.50 and a 52 week high of GBX 252.56.
In other Lonmin Plc news, insider Varda Shine acquired 5,646 shares of the stock in a transaction on Friday, March 31st. The shares were bought at an average cost of GBX 88 ($1.12) per share, with a total value of £4,968.48 ($6,330.08).
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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