Anglo American plc (AAL) Upgraded to Equal Weight at Barclays PLC
Anglo American plc (LON:AAL) was upgraded by equities researchers at Barclays PLC to an “equal weight” rating in a research note issued to investors on Wednesday. The firm presently has a GBX 845 ($11.03) price target on the mining company’s stock, up from their prior price target of GBX 550 ($7.18). Barclays PLC’s price target points to a potential downside of 1.47% from the company’s previous close.
AAL has been the topic of a number of other reports. BNP Paribas reiterated an “underperform” rating and set a GBX 730 ($9.53) target price on shares of Anglo American plc in a report on Tuesday, August 23rd. JPMorgan Chase & Co. increased their target price on shares of Anglo American plc from GBX 1,100 ($14.36) to GBX 1,150 ($15.01) and gave the stock an “overweight” rating in a report on Thursday, September 15th. Jefferies Group reissued an “underperform” rating and issued a GBX 750 ($9.79) price objective on shares of Anglo American plc in a research report on Tuesday, August 23rd. Liberum Capital reissued a “sell” rating and issued a GBX 400 ($5.22) price objective on shares of Anglo American plc in a research report on Wednesday, July 20th. Finally, Macquarie reissued an “underperform” rating and issued a GBX 570 ($7.44) price objective on shares of Anglo American plc in a research report on Monday, August 22nd. Eleven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 669.88 ($8.74).
Anglo American plc (LON:AAL) opened at 881.10 on Wednesday. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 910.00. The company’s 50-day moving average is GBX 843.88 and its 200-day moving average is GBX 701.79. The firm’s market capitalization is GBX 11.37 billion.
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In other Anglo American plc news, insider Hampton,Philip R bought 1,178 shares of the business’s stock in a transaction on Friday, June 24th. The stock was bought at an average price of GBX 673 ($8.78) per share, for a total transaction of £7,927.94 ($10,348.44).
About Anglo American plc
Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.
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