Credit Suisse Group Increases Antofagasta plc (ANTO) Price Target to GBX 780
Antofagasta plc (LON:ANTO) had its price objective raised by investment analysts at Credit Suisse Group from GBX 690 ($9.08) to GBX 780 ($10.26) in a research report issued on Wednesday. The firm currently has an “underperform” rating on the mining company’s stock. Credit Suisse Group’s target price indicates a potential downside of 18.24% from the company’s current price.
A number of other brokerages have also issued reports on ANTO. Deutsche Bank AG restated a “sell” rating and issued a GBX 800 ($10.52) target price on shares of Antofagasta plc in a research note on Thursday, October 26th. Peel Hunt restated a “hold” rating and issued a GBX 875 ($11.51) target price on shares of Antofagasta plc in a research note on Friday, July 28th. Berenberg Bank cut their target price on shares of Antofagasta plc from GBX 760 ($10.00) to GBX 750 ($9.86) and set a “sell” rating on the stock in a research note on Thursday, October 26th. J P Morgan Chase & Co cut their target price on shares of Antofagasta plc from GBX 740 ($9.73) to GBX 670 ($8.81) and set an “underweight” rating on the stock in a research note on Wednesday, August 23rd. Finally, Macquarie cut their target price on shares of Antofagasta plc from GBX 940 ($12.36) to GBX 920 ($12.10) and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 808.39 ($10.63).
Shares of Antofagasta plc (ANTO) traded up GBX 6.50 ($0.09) during trading on Wednesday, reaching GBX 954 ($12.55). 986,312 shares of the company were exchanged, compared to its average volume of 2,730,000. Antofagasta plc has a 12-month low of GBX 648 ($8.52) and a 12-month high of GBX 1,071 ($14.09).
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About Antofagasta plc
Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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