Lonmin Plc (LMI) Given Sell Rating at Citigroup Inc

Citigroup Inc reissued their sell rating on shares of Lonmin Plc (LON:LMI) in a research note issued to investors on Tuesday. The brokerage currently has a GBX 95 ($1.24) price target on the mining company’s stock.

A number of other equities analysts have also recently commented on LMI. Goldman Sachs Group Inc reissued a sell rating and issued a GBX 75 ($0.98) price target on shares of Lonmin Plc in a research note on Tuesday, May 16th. Liberum Capital reissued a sell rating and issued a GBX 15 ($0.20) price target on shares of Lonmin Plc in a research note on Thursday, January 26th. Peel Hunt cut their price target on shares of Lonmin Plc from GBX 155 ($2.02) to GBX 105 ($1.37) and set a sell rating for the company in a research note on Monday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of Lonmin Plc from GBX 150 ($1.95) to GBX 130 ($1.69) and set a neutral rating for the company in a research note on Tuesday, May 16th. Finally, HSBC Holdings plc cut their price objective on shares of Lonmin Plc from GBX 116 ($1.51) to GBX 98 ($1.27) and set a reduce rating for the company in a research note on Friday, January 27th. Eight research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Lonmin Plc has a consensus rating of Sell and an average price target of GBX 113.75 ($1.48).

Shares of Lonmin Plc (LON:LMI) opened at 87.125 on Tuesday. The company’s market capitalization is GBX 245.99 million. The stock has a 50 day moving average of GBX 105.99 and a 200-day moving average of GBX 132.50. Lonmin Plc has a one year low of GBX 80.50 and a one year high of GBX 252.56.

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In other news, insider Varda Shine purchased 5,646 shares of the stock in a transaction that occurred on Friday, March 31st. The stock was bought at an average cost 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.

12 Month Chart for LON:LMI

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