Anglo American plc (AAL) PT Raised to GBX 1,700 at Royal Bank Of Canada
Anglo American plc (LON:AAL) had its price objective hoisted by analysts at Royal Bank Of Canada from GBX 1,650 ($21.50) to GBX 1,700 ($22.15) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 42.26% from the company’s previous close.
A number of other research analysts have also recently commented on AAL. Citigroup Inc. cut their target price on Anglo American plc from GBX 1,450 ($18.89) to GBX 1,400 ($18.24) and set a “neutral” rating on the stock in a research note on Monday, March 27th. BNP Paribas reissued a “neutral” rating and issued a GBX 1,270 ($16.55) price objective on shares of Anglo American plc in a research note on Tuesday, March 28th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,500 ($19.54) price objective on shares of Anglo American plc in a research note on Wednesday, April 5th. Liberum Capital restated a “sell” rating and set a GBX 750 ($9.77) target price on shares of Anglo American plc in a report on Tuesday, April 11th. Finally, Jefferies Group LLC lowered their target price on Anglo American plc from GBX 1,400 ($18.24) to GBX 1,300 ($16.94) and set a “hold” rating for the company in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,255.63 ($16.36).
Anglo American plc (AAL) opened at 1241.00 on Tuesday. The firm has a 50-day moving average price of GBX 1,058.89 and a 200 day moving average price of GBX 1,171.03. Anglo American plc has a 52 week low of GBX 725.60 and a 52 week high of GBX 1,529.01. The firm’s market capitalization is GBX 15.81 billion.
In related news, insider John Parker purchased 62,696 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of GBX 1,057 ($13.77) per share, with a total value of £662,696.72 ($863,336.01). Also, insider Mphu Ramatlapeng purchased 283 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of GBX 982 ($12.79) per share, for a total transaction of £2,779.06 ($3,620.45). Insiders have acquired a total of 63,007 shares of company stock worth $66,578,196 over the last ninety days.
About Anglo American plc
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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