Citigroup Inc. Reiterates Sell Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “sell” rating restated by equities researchers at Citigroup Inc. in a report released on Friday. They currently have a GBX 830 ($10.27) price objective on the mining company’s stock. Citigroup Inc.’s target price would indicate a potential downside of 16.21% from the stock’s current price.
Several other research firms have also recently commented on AAL. Liberum Capital raised their target price on Anglo American plc from GBX 440 ($5.45) to GBX 460 ($5.69) and gave the company a “sell” rating in a research report on Thursday. Macquarie restated a “neutral” rating and issued a GBX 815 ($10.09) target price on shares of Anglo American plc in a research report on Wednesday. BNP Paribas restated an “underperform” rating and issued a GBX 730 ($9.03) target price on shares of Anglo American plc in a research report on Thursday, October 6th. Barclays PLC restated an “equal weight” rating and issued a GBX 845 ($10.46) target price on shares of Anglo American plc in a research report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,150 ($14.23) target price on shares of Anglo American plc in a research report on Wednesday, October 5th. Eleven research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 689 ($8.53).
Anglo American plc (LON:AAL) opened at 990.60 on Friday. The stock has a 50 day moving average price of GBX 896.51 and a 200-day moving average price of GBX 750.64. The firm’s market capitalization is GBX 12.78 billion. Anglo American plc has a 12-month low of GBX 215.55 and a 12-month high of GBX 1,063.50.
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In other Anglo American plc news, insider Mphu Ramatlapeng acquired 290 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were acquired 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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