Anglo American plc (AAL) Price Target Increased to GBX 1,200 by Analysts at Deutsche Bank AG
Anglo American plc (LON:AAL) had its target price upped by investment analysts at Deutsche Bank AG from GBX 965 ($12.06) to GBX 1,200 ($14.99) in a research note issued on Wednesday. The firm presently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price target points to a potential upside of 9.44% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Canaccord Genuity upgraded shares of Anglo American plc to a “buy” rating and increased their target price for the stock from GBX 620 ($7.75) to GBX 980 ($12.24) in a report on Tuesday, August 2nd. Barclays PLC upgraded shares of Anglo American plc to an “equal weight” rating and raised their price objective for the company from GBX 550 ($6.87) to GBX 845 ($10.56) in a report on Wednesday, September 21st. HSBC raised their price objective on shares of Anglo American plc from GBX 880 ($10.99) to GBX 930 ($11.62) and gave the company a “hold” rating in a report on Monday, August 1st. Jefferies Group upgraded shares of Anglo American plc to a “hold” rating and raised their price objective for the company from GBX 850 ($10.62) to GBX 1,150 ($14.37) in a report on Thursday, November 10th. Finally, Haitong Bank restated a “neutral” rating and issued a GBX 658 ($8.22) price objective on shares of Anglo American plc in a report on Tuesday, July 26th. Ten analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 780.32 ($9.75).
Shares of Anglo American plc (LON:AAL) opened at 1128.00 on Wednesday. The stock’s market capitalization is GBX 14.55 billion. Anglo American plc has a 12-month low of GBX 215.55 and a 12-month high of GBX 1,270.50. The firm has a 50-day moving average of GBX 1,059.21 and a 200 day moving average of GBX 828.35.
In related news, insider Mphu Ramatlapeng acquired 290 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were purchased at an average price of GBX 937 ($11.71) per share, with a total value of £2,717.30 ($3,394.93).
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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