Anglo American plc (AAL) Earns “Neutral” Rating from Macquarie
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating reiterated by Macquarie in a report issued on Wednesday. They presently have a GBX 815 ($10.09) price objective on the mining company’s stock. Macquarie’s price target suggests a potential downside of 20.95% from the stock’s current price.
A number of other research firms have also weighed in on AAL. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,100 ($13.61) price objective on shares of Anglo American plc in a report on Wednesday, September 7th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 440 ($5.45) price objective on shares of Anglo American plc in a report on Tuesday, September 20th. Barclays PLC raised Anglo American plc to an “equal weight” rating and lifted their price objective for the stock from GBX 550 ($6.81) to GBX 845 ($10.46) in a report on Wednesday, September 21st. HSBC lifted their price objective on Anglo American plc from GBX 880 ($10.89) to GBX 930 ($11.51) and gave the stock a “hold” rating in a report on Monday, August 1st. Finally, Haitong Bank reaffirmed a “neutral” rating and issued a GBX 658 ($8.14) price objective on shares of Anglo American plc in a report on Tuesday, July 26th. Eleven analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 660.74 ($8.18).
Shares of Anglo American plc (LON:AAL) opened at 1031.00 on Wednesday. The firm’s 50-day moving average price is GBX 886.84 and its 200 day moving average price is GBX 747.67. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,063.50. The firm’s market cap is GBX 13.30 billion.
In other Anglo American plc news, insider Mphu Ramatlapeng acquired 290 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was purchased at an average price of GBX 937 ($11.60) per share, for a total transaction of £2,717.30 ($3,363.00).
About Anglo American plc
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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