Anglo American plc’s (AAL) Buy Rating Reiterated at HSBC Holdings plc
Anglo American plc (LON:AAL)‘s stock had its “buy” rating reaffirmed by investment analysts at HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 1,250 ($16.32) price target on the mining company’s stock. HSBC Holdings plc’s price objective would indicate a potential upside of 14.52% from the company’s current price.
Several other brokerages have also recently issued reports on AAL. Credit Suisse Group AG reduced their price objective on Anglo American plc from GBX 1,400 ($18.28) to GBX 1,190 ($15.54) and set a “neutral” rating on the stock in a research note on Wednesday. Macquarie reaffirmed a “neutral” rating and issued a GBX 1,215 ($15.87) target price on shares of Anglo American plc in a research report on Tuesday. Barclays PLC dropped their target price on Anglo American plc from GBX 1,165 ($15.21) to GBX 1,130 ($14.76) and set an “equal weight” rating on the stock in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 1,050 ($13.71) price target on shares of Anglo American plc in a report on Wednesday, July 5th. Finally, Deutsche Bank AG lowered their price target on Anglo American plc from GBX 1,100 ($14.36) to GBX 1,000 ($13.06) and set a “hold” rating on the stock in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 1,255.67 ($16.40).
Shares of Anglo American plc (LON:AAL) traded down 0.82% during mid-day trading on Friday, hitting GBX 1091.50. 5,520,447 shares of the stock traded hands. The stock has a 50-day moving average of GBX 1,048.21 and a 200 day moving average of GBX 1,170.98. The stock’s market cap is GBX 13.90 billion. Anglo American plc has a one year low of GBX 763.10 and a one year high of GBX 1,529.01.
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In related news, insider John Parker acquired 62,696 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of GBX 1,057 ($13.80) per share, with a total value of £662,696.72 ($865,365.27). Also, insider Mphu Ramatlapeng acquired 283 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average cost of GBX 982 ($12.82) per share, for a total transaction of £2,779.06 ($3,628.96). Insiders purchased a total of 63,007 shares of company stock worth $66,578,196 over the last three months.
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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