Anglo American plc (AAL) Earns Neutral Rating from Macquarie
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating reiterated by Macquarie in a report issued on Wednesday. They currently have a GBX 815 ($10.64) price target on the mining company’s stock. Macquarie’s price objective would indicate a potential downside of 20.18% from the stock’s current price.
A number of other brokerages have also recently issued reports on AAL. Credit Suisse Group AG restated a “neutral” rating and set a GBX 950 ($12.40) price objective on shares of Anglo American plc in a report on Sunday, September 25th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,150 ($15.01) price objective on shares of Anglo American plc in a report on Monday, September 26th. Canaccord Genuity boosted their price objective on shares of Anglo American plc from GBX 980 ($12.79) to GBX 1,080 ($14.10) and gave the company a “buy” rating in a report on Thursday, September 29th. Jefferies Group restated an “underperform” rating and set a GBX 750 ($9.79) price objective on shares of Anglo American plc in a report on Tuesday, September 20th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 440 ($5.74) price target on shares of Anglo American plc in a report on Tuesday, September 20th. Eleven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 660.74 ($8.62).
Anglo American plc (LON:AAL) traded up 2.26% on Wednesday, hitting GBX 1021.00. 8,088,827 shares of the stock were exchanged. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,048.00. The stock’s market capitalization is GBX 13.17 billion. The company has a 50 day moving average of GBX 878.64 and a 200 day moving average of GBX 736.81.
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In other news, insider Mphu Ramatlapeng acquired 290 shares of Anglo American plc stock in a transaction on Wednesday, September 28th. The shares were purchased at an average cost of GBX 937 ($12.23) per share, for a total transaction 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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