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Stock analysts at HSBC lowered their price objective on shares of Anglo American (LON:AAL) from GBX 1,740 ($28.56) to GBX 1,580 ($25.94) in a report issued on Wednesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. HSBC’s price target suggests a potential upside of 16.52% from the company’s current price.

Anglo American (LON:AAL) opened at 1365.50 on Wednesday. Anglo American has a 52 week low of GBX 1195.50 and a 52 week high of GBX 2088.50. The stock has a 50-day moving average of GBX 1299.43 and a 200-day moving average of GBX 1430.43. The company’s market cap is £17.492 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Anglo American in a research note to investors on Tuesday. They now have a GBX 1,850 ($30.37) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Anglo American in a research note to investors on Thursday, January 16th. They now have a GBX 1,693.98 ($27.81) price target on the stock. Finally, analysts at UBS AG upgraded shares of Anglo American to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a GBX 1,580 ($25.94) price target on the stock, up previously from GBX 1,500 ($24.62). Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,549.50 ($25.43).

Anglo American plc (LON:AAL) is a mining company.

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