Barclays PLC Reiterates “Equal weight” Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays PLC in a research note issued to investors on Thursday.
Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Anglo American plc from GBX 1,230 ($15.24) to GBX 1,280 ($15.86) and gave the stock an “overweight” rating in a report on Monday, November 7th. Canaccord Genuity raised their price target on shares of Anglo American plc from GBX 1,080 ($13.38) to GBX 1,330 ($16.47) and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Jefferies Group restated an “underperform” rating and set a GBX 850 ($10.53) price target on shares of Anglo American plc in a report on Monday, October 31st. Macquarie restated a “neutral” rating and set a GBX 880 ($10.90) price target on shares of Anglo American plc in a report on Wednesday, October 26th. Finally, Liberum Capital restated a “sell” rating and set a GBX 440 ($5.45) price target on shares of Anglo American plc in a report on Tuesday, October 25th. Ten analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 756.23 ($9.37).
Anglo American plc (LON:AAL) opened at 1137.9791 on Thursday. The company’s 50-day moving average is GBX 1,048.40 and its 200 day moving average is GBX 820.75. The firm’s market cap is GBX 14.68 billion. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,270.50.
In other news, insider Mphu Ramatlapeng acquired 290 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were acquired at an average cost of GBX 937 ($11.61) per share, for a total transaction of £2,717.30 ($3,365.91).
About Anglo American plc
Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company’s segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa.
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