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Lonmin PLC (LON:LMI) target price lowered to 110.00GBX, reported today by JP Morgan Cazenove

Yesterday Lonmin PLC (LON:LMI) traded 1.81% higher at 79.88GBX. The company’s 50-day moving average is 78.43GBX and its 200-day moving average is 84.94GBX. The last stock close price is down -0.51% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 1,481,877 shares of the stock were exchanged, down from an average trading volume of 1,701,000

Lonmin PLC (LON:LMI) had its target price lowered to 110.00GBX by JP Morgan Cazenove in a report released 6/05/2017. The new target price indicates a possible upside of 0.38% based on the company's last stock close price.

Previously on 05/30/2017, Peel Hunt reported about Lonmin PLC (LON:LMI) lowered the target price from 95.00GBX to 70.00GBX. At the time, this indicated a possible downside of -0.2%.

See Chart Below

Lonmin PLC (LON:LMI)

Lonmin PLC has a 52 week low of 61.50GBX and a 52 week high of 230.25GBX The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is 1.72GBX with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 1 firm rating the stock a hold, 11 firms rating the stock a underperform, and finally 4 firms rating the stock a sell.

About Lonmin PLC (LON:LMI)

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. The PGM Operations segment includes operational mines and processing facilities, which are located in South Africa. The PGM Operations segment's activities are integrated and designed to support the process for extracting and refining PGMs from underground. The Evaluation segment covers the evaluation through pre-feasibility of the economic viability of newly discovered PGM deposits. Its evaluation projects are based in South Africa. The Evaluation segment relates to the Akanani asset, which is located in South Africa and is in the evaluation stage. The Exploration segment covers the activities involved in the discovery or identification of new PGM deposits around the world.

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