Trade Report: Today, Lonmin Plc (LMI) Coverage Initiated at Peel Hunt

Today, Lonmin Plc (LMI) Coverage Initiated at Peel Hunt

Analysts at Peel Hunt initiated coverage on shares of Lonmin Plc (LON:LMI) in a report issued on Monday. The brokerage set a “sell” rating and a GBX 160 ($2.00) price target on the mining company’s stock. Peel Hunt’s price objective points to a potential downside of 4.62% from the company’s previous close.

LMI has been the subject of a number of other reports. Deutsche Bank AG restated a “sell” rating and set a GBX 106 ($1.32) price objective on shares of Lonmin Plc in a research note on Monday, July 18th. Barclays PLC restated an “underweight” rating and set a GBX 150 ($1.87) price objective on shares of Lonmin Plc in a research note on Monday, October 24th. Investec upped their price objective on Lonmin Plc from GBX 29 ($0.36) to GBX 110 ($1.37) and gave the stock a “sell” rating in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. upped their price objective on Lonmin Plc from GBX 125 ($1.56) to GBX 130 ($1.62) and gave the stock a “sell” rating in a research note on Monday, August 8th. Finally, Royal Bank Of Canada upped their price objective on Lonmin Plc from GBX 100 ($1.25) to GBX 180 ($2.25) and gave the stock an “underperform” rating in a research note on Wednesday, August 3rd. Nine analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Lonmin Plc presently has a consensus rating of “Sell” and an average target price of GBX 122.52 ($1.53).

Lonmin Plc (LON:LMI) traded down 3.59% during midday trading on Monday, hitting GBX 167.75. The company’s stock had a trading volume of 2,103,195 shares. The company’s market cap is GBX 473.24 million. Lonmin Plc has a one year low of GBX 35.75 and a one year high of GBX 252.56. The company’s 50-day moving average is GBX 193.58 and its 200 day moving average is GBX 200.83.

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