Jefferies Group Raises Antofagasta plc (ANTO) Price Target to GBX 600
Antofagasta plc (LON:ANTO) had its price objective increased by investment analysts at Jefferies Group from GBX 550 ($6.81) to GBX 600 ($7.43) in a report released on Friday. The firm presently has a “hold” rating on the mining company’s stock. Jefferies Group’s price target would indicate a potential upside of 11.21% from the stock’s previous close.
ANTO has been the topic of a number of other reports. Deutsche Bank AG restated a “hold” rating and set a GBX 470 ($5.82) target price on shares of Antofagasta plc in a research report on Monday, July 4th. JPMorgan Chase & Co. upped their target price on shares of Antofagasta plc from GBX 380 ($4.70) to GBX 390 ($4.83) and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Royal Bank Of Canada upped their target price on shares of Antofagasta plc from GBX 410 ($5.07) to GBX 500 ($6.19) and gave the company a “sector performer” rating in a research report on Tuesday, August 9th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 400 ($4.95) target price on shares of Antofagasta plc in a research report on Thursday, August 11th. Finally, Barclays PLC restated a “hold” rating on shares of Antofagasta plc in a research report on Monday, July 11th. Ten research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 485.19 ($6.00).
Antofagasta plc (LON:ANTO) opened at 537.50 on Friday. Antofagasta plc has a 12 month low of GBX 340.60 and a 12 month high of GBX 597.50. The stock’s market capitalization is GBX 5.30 billion. The company’s 50-day moving average is GBX 516.55 and its 200-day moving average is GBX 477.92.
Antofagasta plc Company Profile
Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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