Anglo American plc (AAL) Rating Reiterated by Credit Suisse Group AG
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating restated by Credit Suisse Group AG in a research report issued to clients and investors on Thursday. They presently have a GBX 1,300 ($16.24) price objective on the mining company’s stock, up from their previous price objective of GBX 970 ($12.12). Credit Suisse Group AG’s target price suggests a potential upside of 19.32% from the company’s current price.
Several other analysts have also issued reports on AAL. Liberum Capital reaffirmed a “sell” rating and issued a GBX 400 ($5.00) target price on shares of Anglo American plc in a research note on Wednesday, July 20th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 620 ($7.75) target price on shares of Anglo American plc in a research note on Wednesday, July 20th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 550 ($6.87) target price on shares of Anglo American plc in a research note on Thursday, July 21st. Macquarie reaffirmed an “underperform” rating and issued a GBX 500 ($6.25) target price on shares of Anglo American plc in a research note on Thursday, July 21st. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of Anglo American plc in a research note on Friday, July 22nd. Nine equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 841.68 ($10.52).
Shares of Anglo American plc (LON:AAL) opened at 1089.50 on Thursday. The company’s market cap is GBX 14.05 billion. The stock has a 50 day moving average of GBX 1,076.37 and a 200 day moving average of GBX 835.03. Anglo American plc has a 1-year low of GBX 215.55 and a 1-year high of GBX 1,270.50.
In related news, insider Mphu Ramatlapeng acquired 290 shares of the stock in a transaction dated Wednesday, September 28th. The shares were 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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