Jefferies Group Boosts Antofagasta plc (ANTO) Price Target to GBX 600
Antofagasta plc (LON:ANTO) had its target price increased by equities researchers at Jefferies Group from GBX 550 ($6.81) to GBX 600 ($7.43) in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the mining company’s stock. Jefferies Group’s price objective indicates a potential upside of 11.21% from the stock’s previous close.
Several other equities analysts have also commented on the company. BNP Paribas reaffirmed a “neutral” rating and set a GBX 545 ($6.75) target price on shares of Antofagasta plc in a report on Thursday, October 6th. Deutsche Bank AG boosted their price objective on Antofagasta plc from GBX 575 ($7.12) to GBX 610 ($7.55) and gave the stock a “hold” rating in a research report on Wednesday, October 5th. Barclays PLC boosted their price objective on Antofagasta plc from GBX 410 ($5.07) to GBX 460 ($5.69) and gave the stock an “equal weight” rating in a research report on Wednesday, September 21st. Macquarie reiterated an “underperform” rating and set a GBX 400 ($4.95) price objective on shares of Antofagasta plc in a research report on Tuesday, September 20th. Finally, Haitong Bank downgraded Antofagasta plc to a “neutral” rating and reduced their price objective for the stock from GBX 484 ($5.99) to GBX 470 ($5.82) in a research report on Monday, September 19th. Ten equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 485.19 ($6.00).
Antofagasta plc (LON:ANTO) opened at 535.50 on Friday. Antofagasta plc has a 52-week low of GBX 340.60 and a 52-week high of GBX 597.50. The stock’s market cap is GBX 5.28 billion. The firm’s 50-day moving average price is GBX 516.55 and its 200 day moving average price is GBX 477.92.
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About Antofagasta plc
Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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