Citigroup Inc. Reiterates Sell Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “sell” rating restated by stock analysts at Citigroup Inc. in a research report issued on Friday. They presently have a GBX 830 ($10.27) price objective on the mining company’s stock. Citigroup Inc.’s target price indicates a potential downside of 16.21% from the company’s previous close.
Several other equities analysts have also recently issued reports on AAL. Liberum Capital lifted their price objective on Anglo American plc from GBX 440 ($5.45) to GBX 460 ($5.69) and gave the company a “sell” rating in a research note on Thursday. Macquarie reiterated a “neutral” rating and issued a GBX 815 ($10.09) price objective on shares of Anglo American plc in a research note on Wednesday. BNP Paribas reiterated an “underperform” rating and issued a GBX 730 ($9.03) price objective on shares of Anglo American plc in a research note on Thursday, October 6th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 845 ($10.46) price objective on shares of Anglo American plc in a research note on Wednesday, October 5th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,150 ($14.23) price objective on shares of Anglo American plc in a research note on Wednesday, October 5th. Eleven analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 689 ($8.53).
Shares of Anglo American plc (LON:AAL) opened at 990.60 on Friday. The stock’s market cap is GBX 12.78 billion. The company has a 50-day moving average price of GBX 896.51 and a 200-day moving average price of GBX 750.64. Anglo American plc has a 12 month low of GBX 215.55 and a 12 month high of GBX 1,063.50.
In related news, insider Mphu Ramatlapeng purchased 290 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was bought at an average cost of GBX 937 ($11.60) per share, with a total value 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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