Lonmin Plc (LMI) Receives “Sell” Rating from Citigroup Inc
Lonmin Plc (LON:LMI)‘s stock had its “sell” rating reaffirmed by stock analysts at Citigroup Inc in a research note issued on Tuesday. They currently have a GBX 95 ($1.24) target price on the mining company’s stock. Citigroup Inc’s target price would suggest a potential upside of 10.14% from the stock’s previous close.
A number of other analysts have also commented on the company. JPMorgan Chase & Co. decreased their target price on Lonmin Plc from GBX 220 ($2.86) to GBX 150 ($1.95) and set a “neutral” rating for the company in a research report on Thursday, March 16th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 15 ($0.20) target price on shares of Lonmin Plc in a research report on Friday, March 10th. Peel Hunt raised Lonmin Plc to a “hold” rating and decreased their price objective for the stock from GBX 105 ($1.37) to GBX 95 ($1.24) in a report on Tuesday, March 28th. Barclays PLC reissued an “underweight” rating and set a GBX 100 ($1.30) price objective on shares of Lonmin Plc in a report on Wednesday, May 3rd. Finally, HSBC Holdings plc decreased their price objective on Lonmin Plc from GBX 116 ($1.51) to GBX 98 ($1.27) and set a “reduce” rating for the company in a report on Friday, January 27th. Eight research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Sell” and an average target price of GBX 113.75 ($1.48).
Lonmin Plc (LON:LMI) opened at 86.25 on Tuesday. The stock’s 50 day moving average price is GBX 105.37 and its 200 day moving average price is GBX 130.96. Lonmin Plc has a 52-week low of GBX 80.50 and a 52-week high of GBX 252.56. The firm’s market capitalization is GBX 243.57 million.
COPYRIGHT VIOLATION NOTICE: “Lonmin Plc (LMI) Receives “Sell” Rating from Citigroup Inc” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/05/28/lonmin-plc-lmi-receives-sell-rating-from-citigroup-inc.html.
In other Lonmin Plc news, insider Varda Shine bought 5,646 shares of the business’s stock in a transaction dated Friday, March 31st. The shares were purchased at an average price of GBX 88 ($1.14) per share, for a total transaction of £4,968.48 ($6,463.48).
About Lonmin Plc
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.
Receive News & Ratings for Lonmin Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonmin Plc and related companies with MarketBeat.com's FREE daily email newsletter.