Lonmin Given New GBX 418 Price Target at Citigroup Inc. (LMI)
Research analysts at Citigroup Inc. hoisted their target price on shares of Lonmin (LON:LMI) from GBX 374 ($5.85) to GBX 418 ($6.54) in a report released on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 18.48% from the stock’s previous close.
Lonmin (LON:LMI) traded up 3.13% during mid-day trading on Tuesday, hitting GBX 352.80. The stock had a trading volume of 3,996,360 shares. Lonmin has a 52-week low of GBX 246.00 and a 52-week high of GBX 2137.8899. The stock’s 50-day moving average is GBX 334.7 and its 200-day moving average is GBX 300.5. The company’s market cap is £1.747 billion.
LMI has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “sell” rating on shares of Lonmin (LON:LMI) in a research note to investors on Thursday, August 22nd. They now have a GBX 248 ($3.88) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of Lonmin (LON:LMI) in a research note to investors on Tuesday, August 20th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Lonmin (LON:LMI) in a research note to investors on Monday, August 19th. They now have a GBX 340 ($5.32) price target on the stock.
Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 316.55 ($4.95).
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company during the fiscal year ended September 30, 2011 (LON:LMI), were mining, refining and marketing of Platinum Group Metals (PGM).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.