Citigroup Inc. Reiterates Neutral Rating for Lonmin Plc (LMI)
Lonmin Plc (LON:LMI)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup Inc. in a report released on Monday. They currently have a GBX 277 ($4.75) target price on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 12.19% from the company’s current price.
A number of other analysts have also recently weighed in on LMI. Analysts at SBG Securities reiterated a “buy” rating on shares of Lonmin Plc in a research note on Thursday. They now have a GBX 408 ($7.00) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lonmin Plc in a research note on Wednesday, July 2nd. They now have a GBX 320 ($5.49) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Lonmin Plc in a research note on Wednesday, July 2nd. They now have a GBX 180 ($3.09) price target on the stock. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 303.86 ($5.21).
Lonmin Plc (LON:LMI) traded down 0.04% on Monday, hitting GBX 246.90. The stock had a trading volume of 1,453,605 shares. Lonmin Plc has a 1-year low of GBX 225.90 and a 1-year high of GBX 358.80. The stock’s 50-day moving average is GBX 249.7 and its 200-day moving average is GBX 285.1. The company’s market cap is £1.406 billion.
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company were mining, refining and marketing of Platinum Group Metals (LON:LMI).
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