Macquarie Reiterates Neutral Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating reissued by analysts at Macquarie in a report issued on Monday. They presently have a GBX 1,175 ($14.68) price target on the mining company’s stock. Macquarie’s target price suggests a potential upside of 7.16% from the company’s previous close.
AAL has been the topic of several other reports. Jefferies Group reissued an “underperform” rating and issued a GBX 850 ($10.62) price target on shares of Anglo American plc in a report on Monday, October 31st. Royal Bank Of Canada reissued a “sector performer” rating and issued a GBX 800 ($10.00) price target on shares of Anglo American plc in a report on Thursday, July 28th. Liberum Capital increased their price target on shares of Anglo American plc from GBX 440 ($5.50) to GBX 460 ($5.75) and gave the company a “sell” rating in a report on Thursday, October 13th. Barclays PLC reissued an “equal weight” rating on shares of Anglo American plc in a report on Thursday, November 10th. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 950 ($11.87) price target on shares of Anglo American plc in a report on Sunday, September 25th. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Anglo American plc currently has a consensus rating of “Hold” and a consensus price target of GBX 769.64 ($9.62).
Anglo American plc (LON:AAL) opened at 1096.50 on Monday. The firm’s market capitalization is GBX 14.14 billion. The stock has a 50 day moving average price of GBX 1,059.21 and a 200 day moving average price of GBX 828.35. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,270.50.
In related news, insider Mphu Ramatlapeng purchased 290 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was purchased at an average cost 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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