Anglo American plc’s (AAL) “Neutral” Rating Reaffirmed at Macquarie
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Macquarie in a report issued on Monday. They currently have a GBX 1,215 ($15.48) price objective on the mining company’s stock. Macquarie’s price objective suggests a potential upside of 23.20% from the company’s previous close.
A number of other research analysts also recently commented on AAL. Deutsche Bank AG boosted their price target on Anglo American plc from GBX 1,150 ($14.65) to GBX 1,185 ($15.10) and gave the company a “hold” rating in a research note on Monday, February 20th. Royal Bank Of Canada boosted their price target on Anglo American plc from GBX 1,750 ($22.30) to GBX 1,800 ($22.93) and gave the company an “outperform” rating in a research note on Tuesday, February 28th. HSBC Holdings plc assumed coverage on Anglo American plc in a research note on Wednesday, March 1st. They issued a “buy” rating and a GBX 1,500 ($19.11) price target for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 1,400 ($17.84) price target on shares of Anglo American plc in a research note on Thursday, March 16th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,400 ($17.84) price target on shares of Anglo American plc in a research note on Monday, April 3rd. Two 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. Anglo American plc has a consensus rating of “Hold” and an average target price of GBX 1,249.67 ($15.92).
Anglo American plc (LON:AAL) traded up 1.95% during midday trading on Monday, hitting GBX 986.20. 5,856,396 shares of the stock traded hands. The firm’s 50 day moving average is GBX 1,049.33 and its 200-day moving average is GBX 1,191.52. The stock’s market capitalization is GBX 12.56 billion. Anglo American plc has a 12-month low of GBX 579.00 and a 12-month high of GBX 1,529.01.
ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/06/19/anglo-american-plcs-aal-neutral-rating-reaffirmed-at-macquarie.html.
In related news, insider John Parker bought 62,696 shares of Anglo American plc stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of GBX 1,057 ($13.47) per share, for a total transaction of £662,696.72 ($844,307.20). Also, insider Philip R. Hampton bought 727 shares of Anglo American plc stock in a transaction that occurred on Friday, March 24th. The stock was bought at an average price of GBX 1,264 ($16.10) per share, for a total transaction of £9,189.28 ($11,707.58). Insiders purchased 63,451 shares of company stock worth $67,219,694 over the last quarter.
About Anglo American plc
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
Receive News & Ratings for Anglo American plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American plc and related companies with MarketBeat.com's FREE daily email newsletter.