Anglo American plc Rating Lowered to Neutral at HSBC (AAL)
Anglo American plc (LON:AAL) was downgraded by HSBC to a “neutral” rating in a research note issued on Tuesday, American Banking News reports. They currently have a GBX 1,600 ($26.88) price target on the stock, up from their previous price target of GBX 1,580 ($26.55). HSBC’s price objective suggests a potential upside of 4.78% from the company’s current price.
Anglo American plc (LON:AAL) traded up 0.53% on Tuesday, hitting GBX 1526.99. The stock had a trading volume of 5,493,120 shares. Anglo American plc has a 52 week low of GBX 1195.50 and a 52 week high of GBX 1695.6249. The stock’s 50-day moving average is GBX 1503.93 and its 200-day moving average is GBX 1436.68. The company’s market cap is £19.522 billion.
AAL has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Anglo American plc in a research note on Monday. They now have a GBX 1,500 ($25.20) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Anglo American plc from GBX 1,530 ($25.71) to GBX 1,510 ($25.37) in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Anglo American plc in a research note on Thursday, April 24th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,577.55 ($26.50).
Anglo American plc (LON:AAL) is a mining company.
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