Macquarie Reaffirms “Neutral” Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating restated by investment analysts at Macquarie in a note issued to investors on Thursday. They currently have a GBX 1,250 ($16.14) price target on the mining company’s stock. Macquarie’s price objective would indicate a potential downside of 5.05% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Anglo American plc in a research report on Friday. HSBC Holdings plc reiterated a “hold” rating and set a GBX 1,410 ($18.21) price target on shares of Anglo American plc in a research report on Tuesday, September 5th. J P Morgan Chase & Co increased their price target on Anglo American plc from GBX 1,600 ($20.66) to GBX 1,670 ($21.57) and gave the stock an “overweight” rating in a research report on Tuesday, September 5th. Jefferies Group LLC increased their price target on Anglo American plc from GBX 1,250 ($16.14) to GBX 1,500 ($19.37) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 750 ($9.69) price target on shares of Anglo American plc in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Anglo American plc currently has an average rating of “Hold” and a consensus target price of GBX 1,312.81 ($16.95).
Shares of Anglo American plc (LON:AAL) traded down 1.97% during mid-day trading on Thursday, reaching GBX 1290.50. 6,853,492 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 16.69 billion. The stock has a 50-day moving average of GBX 1,315.47 and a 200 day moving average of GBX 1,169.55. Anglo American plc has a one year low of GBX 793.00 and a one year high of GBX 1,529.01.
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In other Anglo American plc news, insider Mphu Ramatlapeng bought 283 shares of the business’s stock in a transaction on Monday, June 26th. The stock was bought at an average price of GBX 982 ($12.68) per share, with a total value of £2,779.06 ($3,589.13). In the last three months, insiders have acquired 309 shares of company stock valued at $308,252.
Anglo American plc Company Profile
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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