Canaccord Genuity Increases Anglo American plc (AAL) Price Target to GBX 1,080
Anglo American plc (LON:AAL) had its price objective upped by analysts at Canaccord Genuity from GBX 980 ($12.79) to GBX 1,080 ($14.10) in a note issued to investors on Thursday. The firm presently has a “buy” rating on the mining company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 16.92% from the stock’s current price.
Several other research analysts have also recently weighed in on the stock. Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 400 ($5.22) price target on shares of Anglo American plc in a research note on Tuesday, July 12th. Barclays PLC upgraded shares of Anglo American plc to an “equal weight” rating and lifted their target price for the company from GBX 550 ($7.18) to GBX 845 ($11.03) in a research note on Wednesday, September 21st. Credit Suisse Group AG lifted their target price on shares of Anglo American plc from GBX 870 ($11.36) to GBX 890 ($11.62) and gave the company a “neutral” rating in a research note on Tuesday, August 9th. Jefferies Group restated an “underperform” rating on shares of Anglo American plc in a research note on Friday, July 15th. Finally, Liberum Capital restated a “sell” rating and set a GBX 400 ($5.22) target price on shares of Anglo American plc in a research note on Thursday, July 14th. Eleven analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Anglo American plc currently has a consensus rating of “Hold” and an average price target of GBX 674.04 ($8.80).
Shares of Anglo American plc (LON:AAL) opened at 964.30 on Thursday. Anglo American plc has a 12-month low of GBX 215.55 and a 12-month high of GBX 974.50. The company’s 50 day moving average price is GBX 855.48 and its 200 day moving average price is GBX 716.51. The firm’s market cap is GBX 12.44 billion.
In other news, insider Mphu Ramatlapeng bought 290 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was bought at an average price of GBX 937 ($12.23) per share, with a total value of £2,717.30 ($3,546.93).
Anglo American plc Company Profile
Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.
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