Jefferies Group Upgrades Anglo American plc (AAL) to Hold
Anglo American plc (LON:AAL) was upgraded by investment analysts at Jefferies Group to a “hold” rating in a research report issued on Thursday. The firm currently has a GBX 1,150 ($14.25) price target on the mining company’s stock, up from their prior price target of GBX 850 ($10.53). Jefferies Group’s price target points to a potential upside of 1.06% from the stock’s previous close.
A number of other analysts have also issued reports on AAL. Liberum Capital reissued a “sell” rating and issued a GBX 400 ($4.95) target price on shares of Anglo American plc in a research report on Thursday, July 14th. Credit Suisse Group AG boosted their target price on Anglo American plc from GBX 630 ($7.80) to GBX 700 ($8.67) and gave the company a “neutral” rating in a research report on Monday, July 18th. Investec boosted their target price on Anglo American plc from GBX 505 ($6.26) to GBX 605 ($7.49) and gave the company a “sell” rating in a research report on Tuesday, July 19th. Canaccord Genuity reissued a “sell” rating and issued a GBX 620 ($7.68) target price on shares of Anglo American plc in a research report on Wednesday, July 20th. Finally, Barclays PLC reissued an “underweight” rating and issued a GBX 550 ($6.81) target price on shares of Anglo American plc in a research report on Thursday, July 21st. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 756.23 ($9.37).
Shares of Anglo American plc (LON:AAL) opened at 1189.50 on Thursday. The stock has a 50 day moving average price of GBX 1,048.40 and a 200-day moving average price of GBX 820.75. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 1,270.50. The firm’s market cap is GBX 15.34 billion.
In other Anglo American plc news, insider Mphu Ramatlapeng bought 290 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average price of GBX 937 ($11.61) per share, for a total transaction of £2,717.30 ($3,365.91).
Anglo American plc Company Profile
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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