Anglo American plc (AAL) Given Neutral Rating at Macquarie
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating reaffirmed by equities researchers at Macquarie in a research note issued to investors on Tuesday, StockTargetPrices.com reports. They currently have a GBX 815 ($9.93) target price on the mining company’s stock. Macquarie’s price objective would indicate a potential downside of 19.51% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a GBX 400 ($4.88) price objective on shares of Anglo American plc in a research note on Tuesday, July 12th. Barclays PLC raised Anglo American plc to an “equal weight” rating and lifted their price objective for the stock from GBX 550 ($6.70) to GBX 845 ($10.30) in a research note on Wednesday, September 21st. Credit Suisse Group AG lifted their price objective on Anglo American plc from GBX 870 ($10.60) to GBX 890 ($10.85) and gave the stock a “neutral” rating in a research note on Tuesday, August 9th. Jefferies Group reaffirmed an “underperform” rating on shares of Anglo American plc in a research note on Friday, July 15th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 400 ($4.88) price objective on shares of Anglo American plc in a research note on Thursday, July 14th. Eleven 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. Anglo American plc has a consensus rating of “Hold” and an average target price of GBX 693.35 ($8.45).
Shares of Anglo American plc (LON:AAL) opened at 1012.50 on Tuesday. The company has a 50-day moving average price of GBX 905.69 and a 200 day moving average price of GBX 760.16. Anglo American plc has a 52 week low of GBX 215.55 and a 52 week high of GBX 1,063.50. The stock’s market capitalization is GBX 13.06 billion.
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In other Anglo American plc news, insider Mphu Ramatlapeng bought 290 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was purchased at an average cost of GBX 937 ($11.42) per share, for a total transaction of £2,717.30 ($3,311.76).
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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