Lonmin Given “Buy” Rating at Citigroup Inc. (LMI)
Lonmin (LON:LMI)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Monday, Analyst Ratings News reports. They currently have a GBX 418 ($6.71) price target on the stock. Citigroup Inc.’s price objective indicates a potential upside of 33.76% from the company’s current price.
Shares of Lonmin (LON:LMI) traded down 1.57% during mid-day trading on Monday, hitting GBX 307.60. The stock had a trading volume of 821,291 shares. Lonmin has a 52-week low of GBX 246.00 and a 52-week high of GBX 386.00. The stock’s 50-day moving average is GBX 340.2 and its 200-day moving average is GBX 300.4. The company’s market cap is £1.523 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 in a research note to investors on Thursday. They now have a GBX 250 ($4.01) price target on the stock. Separately, analysts at Macquarie reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Thursday, September 26th. They now have a GBX 270 ($4.33) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Lonmin in a research note to investors on Thursday, September 26th. They now have a GBX 315 ($5.05) price target on the stock, down previously from GBX 340 ($5.45). Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 313.53 ($5.03).
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).
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