Anglo American plc (AAL) PT Raised to GBX 1,270
Anglo American plc (LON:AAL) had its target price increased by research analysts at Deutsche Bank AG from GBX 1,250 ($16.58) to GBX 1,270 ($16.85) in a note issued to investors on Friday. The firm currently has a “sell” rating on the mining company’s stock. Deutsche Bank AG’s target price suggests a potential downside of 14.25% from the company’s current price.
Several other equities research analysts have also recently commented on AAL. Jefferies Group LLC lowered their price objective on shares of Anglo American plc from GBX 1,300 ($17.24) to GBX 950 ($12.60) and set a “hold” rating on the stock in a research note on Thursday, June 8th. Macquarie restated a “neutral” rating and set a GBX 1,215 ($16.12) price objective on shares of Anglo American plc in a research note on Monday, June 19th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,480 ($19.63) price objective on shares of Anglo American plc in a research note on Wednesday, June 21st. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 1,400 ($18.57) price target on shares of Anglo American plc in a research note on Tuesday, June 27th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a GBX 1,165 ($15.45) price target on shares of Anglo American plc in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,329.69 ($17.64).
Anglo American plc (LON:AAL) opened at 1481.00 on Friday. The company’s 50-day moving average price is GBX 1,352.58 and its 200-day moving average price is GBX 1,182.22. Anglo American plc has a 1-year low of GBX 950.10 and a 1-year high of GBX 1,529.01. The stock’s market cap is GBX 19.15 billion.
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In related news, insider Philip R. Hampton bought 725 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was acquired at an average cost of GBX 1,289 ($17.10) per share, for a total transaction of £9,345.25 ($12,395.87). Insiders bought 763 shares of company stock valued at $980,831 in the last quarter.
Anglo American plc Company Profile
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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