Goldman Sachs Group Inc. Reiterates “Buy” Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “buy” rating reissued by equities researchers at Goldman Sachs Group Inc. in a note issued to investors on Wednesday. They presently have a GBX 1,400 ($17.49) price target on the mining company’s stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 24.28% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity upgraded shares of Anglo American plc to a “buy” rating and boosted their price target 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 boosted their price target for the stock from GBX 550 ($6.87) to GBX 845 ($10.56) in a report on Wednesday, September 21st. HSBC boosted their price target on shares of Anglo American plc from GBX 880 ($10.99) to GBX 930 ($11.62) and gave the stock a “hold” rating in a report on Monday, August 1st. Deutsche Bank AG reiterated a “hold” rating and set a GBX 965 ($12.06) price target (up previously from GBX 940 ($11.74)) on shares of Anglo American plc in a report on Tuesday, October 25th. Finally, Jefferies Group upgraded shares of Anglo American plc to a “hold” rating and boosted their price target for the stock from GBX 850 ($10.62) to GBX 1,150 ($14.37) in a report on Thursday, November 10th. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 841.68 ($10.52).
Anglo American plc (LON:AAL) opened at 1126.50 on Wednesday. The company’s 50 day moving average is GBX 1,069.29 and its 200 day moving average is GBX 832.74. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,270.50. The stock’s market cap is GBX 14.53 billion.
In other news, insider Mphu Ramatlapeng purchased 290 shares of the firm’s stock in a transaction on Wednesday, September 28th. The shares were bought at an average cost of GBX 937 ($11.71) per share, with a total value of £2,717.30 ($3,394.93).
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.
Receive News & Stock Ratings for Anglo American plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American plc and related stocks with our FREE daily email newsletter.