Anglo American plc (AAL) Earns Equal weight Rating from Barclays PLC
Anglo American plc (LON:AAL)‘s stock had its “equal weight” rating restated by equities researchers at Barclays PLC in a research report issued on Wednesday. They currently have a GBX 845 ($11.03) price objective on the mining company’s stock. Barclays PLC’s price objective would suggest a potential downside of 17.24% from the company’s previous close.
Several other brokerages also recently commented on AAL. Macquarie restated an “underperform” rating and issued a GBX 500 ($6.53) price target on shares of Anglo American plc in a research report on Thursday, July 21st. Credit Suisse Group AG upped their price target on shares of Anglo American plc from GBX 890 ($11.62) to GBX 950 ($12.40) and gave the company a “neutral” rating in a research report on Monday, September 19th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Anglo American plc in a research report on Wednesday, June 29th. Haitong Bank upgraded shares of Anglo American plc to a “neutral” rating and upped their price target for the company from GBX 343 ($4.48) to GBX 658 ($8.59) in a research report on Thursday, June 30th. Finally, BNP Paribas restated an “underperform” rating on shares of Anglo American plc in a research report on Tuesday, July 26th. Eleven analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 660.74 ($8.62).
Shares of Anglo American plc (LON:AAL) traded up 2.26% during mid-day trading on Wednesday, reaching GBX 1021.00. 8,088,827 shares of the company were exchanged. The company’s market capitalization is GBX 13.17 billion. The firm’s 50-day moving average is GBX 878.64 and its 200-day moving average is GBX 736.81. Anglo American plc has a 12 month low of GBX 215.55 and a 12 month high of GBX 1,048.00.
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In other Anglo American plc news, insider Mphu Ramatlapeng acquired 290 shares of Anglo American plc stock in a transaction dated Wednesday, September 28th. The stock was bought at an average cost of GBX 937 ($12.23) per share, with a total value of £2,717.30 ($3,546.93).
Anglo American plc Company Profile
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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