Lonmin Plc (LMI) PT Lowered to GBX 150 at JPMorgan Chase & Co.

Lonmin Plc (LON:LMI) had its target price cut by JPMorgan Chase & Co. from GBX 220 ($2.72) to GBX 150 ($1.85) in a research report report published on Thursday morning. They currently have a neutral rating on the mining company’s stock.

Several other equities analysts have also weighed in on LMI. Liberum Capital reissued a sell rating and issued a GBX 15 ($0.19) target price on shares of Lonmin Plc in a research note on Thursday, January 26th. AlphaValue reissued a buy rating and issued a GBX 262 ($3.24) target price on shares of Lonmin Plc in a research note on Thursday, December 1st. Barclays PLC cut their target price on Lonmin Plc from GBX 150 ($1.85) to GBX 145 ($1.79) and set an underweight rating on the stock in a research note on Monday, January 9th. Peel Hunt cut their target price on Lonmin Plc from GBX 155 ($1.91) to GBX 105 ($1.30) and set a sell rating on the stock in a research note on Monday, January 30th. Finally, Deutsche Bank AG cut their target price on Lonmin Plc from GBX 110 ($1.36) to GBX 65 ($0.80) and set a sell rating on the stock in a research note on Tuesday, December 6th. Nine equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Sell and an average price target of GBX 127.27 ($1.57).

Shares of Lonmin Plc (LON:LMI) opened at 93.125 on Thursday. The firm’s market capitalization is GBX 262.93 million. The company has a 50-day moving average price of GBX 117.19 and a 200 day moving average price of GBX 162.79. Lonmin Plc has a 12-month low of GBX 80.50 and a 12-month high of GBX 252.56.

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In related news, insider Abey Kgotle sold 3,766 shares of the stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of GBX 174 ($2.15), for a total transaction of £6,552.84 ($8,092.92).

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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