Bank of America Reiterates Buy Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “buy” rating reiterated by research analysts at Bank of America in a report released on Monday. They currently have a GBX 2,200 ($37.02) target price on the stock. Bank of America’s price objective indicates a potential upside of 38.80% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Anglo American plc in a research note on Wednesday, July 30th. Separately, analysts at Investec raised their price target on shares of Anglo American plc from GBX 1,630 ($27.43) to GBX 1,760 ($29.61) in a research note on Tuesday, July 29th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Anglo American plc in a research note on Tuesday, July 29th. They now have a GBX 1,800 ($30.29) price target on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,607.42 ($27.05).
Anglo American plc (LON:AAL) traded up 0.32% during mid-day trading on Monday, hitting GBX 1585.00. 2,890,813 shares of the company’s stock traded hands. Anglo American plc has a 1-year low of GBX 1221.00 and a 1-year high of GBX 1678.50. The stock’s 50-day moving average is GBX 1510. and its 200-day moving average is GBX 1500.. The company’s market cap is £20.336 billion.
Anglo American plc (LON:AAL) is a mining company.
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