Anglo American plc (AAL) Rating Reiterated by Macquarie
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating reiterated by research analysts at Macquarie in a research note issued to investors on Wednesday. They currently have a GBX 815 ($10.64) target price on the mining company’s stock. Macquarie’s price target would suggest a potential downside of 17.37% from the company’s current price.
Several other research firms have also recently issued reports on AAL. BNP Paribas reiterated an “underperform” rating and set a GBX 730 ($9.53) price objective on shares of Anglo American plc in a research report on Tuesday, August 23rd. Barclays PLC reiterated an “underweight” rating and set a GBX 550 ($7.18) price objective on shares of Anglo American plc in a research report on Wednesday, September 7th. JPMorgan Chase & Co. lifted their price objective on shares of Anglo American plc from GBX 1,100 ($14.36) to GBX 1,150 ($15.01) and gave the company an “overweight” rating in a research report on Thursday, September 15th. Jefferies Group reiterated an “underperform” rating and set a GBX 750 ($9.79) price objective on shares of Anglo American plc in a research report on Tuesday, August 23rd. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 400 ($5.22) price objective on shares of Anglo American plc in a research report on Wednesday, July 20th. Eleven research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 674.04 ($8.80).
Shares of Anglo American plc (LON:AAL) opened at 986.30 on Wednesday. The stock’s market cap is GBX 12.72 billion. Anglo American plc has a 12 month low of GBX 215.55 and a 12 month high of GBX 1,029.00. The firm’s 50-day moving average is GBX 867.47 and its 200 day moving average is GBX 729.71.
In other news, insider Mphu Ramatlapeng bought 290 shares of Anglo American plc stock in a transaction on Wednesday, September 28th. The stock was acquired at an average cost of GBX 937 ($12.23) per share, for a total transaction 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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