Antofagasta plc Downgraded to “Neutral” at HSBC (ANTO)
Antofagasta plc (LON:ANTO) was downgraded by stock analysts at HSBC to a “neutral” rating in a report issued on Tuesday, Analyst Ratings Network reports. They currently have a GBX 860 ($14.45) price target on the stock, down from their previous price target of GBX 990 ($16.63). HSBC’s price target suggests a potential upside of 10.12% from the stock’s previous close.
Antofagasta plc (LON:ANTO) traded down 0.83% on Tuesday, hitting GBX 781.00. The stock had a trading volume of 2,827,474 shares. Antofagasta plc has a one year low of GBX 733.00 and a one year high of GBX 1027.00. The stock’s 50-day moving average is GBX 828.8 and its 200-day moving average is GBX 837.5. The company’s market cap is £7.700 billion.
A number of other firms have also recently commented on ANTO. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Antofagasta plc in a research note on Monday. They now have a GBX 725 ($12.18) price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Antofagasta plc in a research note on Wednesday, April 23rd. They now have a GBX 800 ($13.44) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Antofagasta plc in a research note on Wednesday, April 23rd. They now have a GBX 985 ($16.55) price target on the stock. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 846.94 ($14.23).
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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