Investec Reaffirms “Buy” Rating for Anglo American plc (LON:AAL)
Anglo American plc (LON:AAL)‘s stock had its “buy” rating reaffirmed by research analysts at Investec in a note issued to investors on Tuesday. They presently have a GBX 1,385 ($18.04) price target on the mining company’s stock. Investec’s price target would suggest a potential upside of 25.40% from the company’s previous close.
Several other equities analysts have also recently commented on the stock. Royal Bank Of Canada increased their price target on shares of Anglo American plc from GBX 1,650 ($21.50) to GBX 1,700 ($22.15) and gave the stock an “outperform” rating in a research report on Tuesday. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,500 ($19.54) price target on shares of Anglo American plc in a research report on Tuesday. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 1,050 ($13.68) price target on shares of Anglo American plc in a research report on Monday. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,650 ($21.50) price target on shares of Anglo American plc in a research report on Friday. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 1,250 ($16.28) price target on shares of Anglo American plc in a research report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,255.63 ($16.36).
Anglo American plc (LON:AAL) traded up 5.89% during mid-day trading on Tuesday, hitting GBX 1169.50. The stock had a trading volume of 5,594,303 shares. Anglo American plc has a one year low of GBX 725.60 and a one year high of GBX 1,529.01. The stock’s market cap is GBX 14.90 billion. The company has a 50 day moving average price of GBX 1,048.21 and a 200 day moving average price of GBX 1,171.03.
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In related news, insider John Parker acquired 62,696 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of GBX 1,057 ($13.77) per share, for a total transaction of £662,696.72 ($863,336.01). Also, insider Mphu Ramatlapeng acquired 283 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of GBX 982 ($12.79) per share, for a total transaction of £2,779.06 ($3,620.45). Insiders acquired 63,007 shares of company stock worth $66,578,196 in 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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