Berenberg Bank Boosts Antofagasta plc (ANTO) Price Target to GBX 760
Antofagasta plc (LON:ANTO) had its price objective upped by equities research analysts at Berenberg Bank from GBX 690 ($8.91) to GBX 760 ($9.82) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage presently has a “sell” rating on the mining company’s stock. Berenberg Bank’s target price indicates a potential downside of 24.60% from the stock’s previous close.
Several other analysts have also commented on ANTO. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 800 ($10.33) price objective on shares of Antofagasta plc in a report on Monday, May 15th. Deutsche Bank AG lowered Antofagasta plc to a “sell” rating and cut their price objective for the stock from GBX 800 ($10.33) to GBX 700 ($9.04) in a report on Friday, May 19th. J P Morgan Chase & Co lifted their price objective on Antofagasta plc from GBX 680 ($8.78) to GBX 740 ($9.56) and gave the stock an “underweight” rating in a report on Monday, June 5th. Credit Suisse Group lifted their price objective on Antofagasta plc from GBX 550 ($7.10) to GBX 570 ($7.36) and gave the stock an “underperform” rating in a report on Wednesday, June 14th. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 850 ($10.98) price objective on shares of Antofagasta plc in a report on Monday, June 19th. Nine investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Antofagasta plc has a consensus rating of “Hold” and a consensus target price of GBX 755.28 ($9.75).
Antofagasta plc (ANTO) traded down 3.72% on Friday, hitting GBX 1008.00. The stock had a trading volume of 3,341,404 shares. Antofagasta plc has a 52 week low of GBX 473.00 and a 52 week high of GBX 1,071.50. The company’s market capitalization is GBX 9.94 billion. The firm has a 50-day moving average of GBX 969.43 and a 200 day moving average of GBX 853.81.
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Antofagasta plc Company Profile
Antofagasta plc is a copper mining company. The Company is engaged in by-product production and has interests in transport. The Company’s segments include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.
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