Deutsche Bank AG Lowers Anglo American plc (AAL) Price Target to GBX 1,000
Anglo American plc (LON:AAL) had its target price lowered by Deutsche Bank AG from GBX 1,100 ($14.01) to GBX 1,000 ($12.74) in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 2.79% from the company’s previous close.
Other analysts have also recently issued reports about the stock. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,600 ($20.38) price target on shares of Anglo American plc in a report on Wednesday, May 17th. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 1,300 ($16.56) target price on shares of Anglo American plc in a research note on Monday, May 15th. Macquarie reiterated a “neutral” rating and issued a GBX 1,175 ($14.97) target price on shares of Anglo American plc in a research note on Tuesday, May 16th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 1,400 ($17.84) target price on shares of Anglo American plc in a research note on Friday, March 3rd. Finally, Citigroup Inc. reduced their target price on shares of Anglo American plc from GBX 1,450 ($18.47) to GBX 1,400 ($17.84) and set a “neutral” rating for the company in a research note on Monday, March 27th. 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 company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,243 ($15.84).
Shares of Anglo American plc (LON AAL) opened at 972.90 on Thursday. The stock has a 50 day moving average of GBX 1,044.91 and a 200 day moving average of GBX 1,188.10. The firm’s market cap is GBX 12.39 billion. Anglo American plc has a 52-week low of GBX 579.00 and a 52-week high of GBX 1,529.01.
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In related news, insider John Parker bought 62,696 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of GBX 1,057 ($13.47) per share, with a total value of £662,696.72 ($844,307.20). Insiders bought 62,724 shares of company stock valued at $66,300,766 over the last 90 days.
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.
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