Antofagasta plc Receives Reduce Rating from Numis Securities Ltd (ANTO)
Antofagasta plc (LON:ANTO)‘s stock had its “reduce” rating reiterated by stock analysts at Numis Securities Ltd in a report issued on Wednesday. They currently have a GBX 700 ($11.74) price target on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 11.39% from the company’s current price.
Shares of Antofagasta plc (LON:ANTO) opened at 781.50 on Wednesday. Antofagasta plc has a one year low of GBX 733.00 and a one year high of GBX 985.0001. The stock has a 50-day moving average of GBX 798.2 and a 200-day moving average of GBX 824.5. The company’s market cap is £7.704 billion.
A number of other analysts have also recently weighed in on ANTO. Analysts at Jefferies Group reiterated a “hold” rating on shares of Antofagasta plc in a research note on Tuesday. They now have a GBX 825 ($13.83) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Antofagasta plc in a research note on Friday, May 30th. They now have a GBX 900 ($15.09) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Antofagasta plc in a research note on Friday, May 30th. They now have a GBX 725 ($12.15) price target on the stock. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Antofagasta plc has a consensus rating of “Hold” and a consensus price target of GBX 841.70 ($14.11).
Antofagasta plc (LON:ANTO) is a Chile-based copper mining company with interests in transport and water distribution.
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