Anglo American plc (AAL) Earns “Neutral” Rating from Macquarie
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating restated by Macquarie in a research note issued on Wednesday. They presently have a GBX 815 ($10.09) price target on the mining company’s stock. Macquarie’s price target would indicate a potential downside of 20.95% from the company’s current price.
Other analysts also recently issued research reports about the stock. Barclays PLC reaffirmed an “underweight” rating on shares of Anglo American plc in a report on Thursday, June 23rd. Credit Suisse Group AG upped their price target on shares of Anglo American plc from GBX 890 ($11.01) to GBX 950 ($11.76) and gave the company a “neutral” rating in a report on Monday, September 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Anglo American plc in a report on Wednesday, June 29th. Haitong Bank raised shares of Anglo American plc to a “neutral” rating and upped their price target for the company from GBX 343 ($4.25) to GBX 658 ($8.14) in a report on Thursday, June 30th. Finally, BNP Paribas reaffirmed an “underperform” rating on shares of Anglo American plc in a report on Tuesday, July 26th. Eleven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 660.74 ($8.18).
Shares of Anglo American plc (LON:AAL) opened at 1031.00 on Wednesday. Anglo American plc has a 12-month low of GBX 215.55 and a 12-month high of GBX 1,063.50. The firm’s market cap is GBX 13.30 billion. The company has a 50-day moving average of GBX 886.84 and a 200 day moving average of GBX 747.67.
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In related 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 ($11.60) per share, for a total transaction of £2,717.30 ($3,363.00).
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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