Deutsche Bank AG Reiterates “Hold” Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank AG in a report issued on Friday.
Several other analysts have also weighed in on AAL. Liberum Capital reiterated a “sell” rating on shares of Anglo American plc in a research note on Friday, May 26th. J P Morgan Chase & Co lowered their price objective on shares of Anglo American plc from GBX 1,600 ($20.66) to GBX 1,480 ($19.11) and set an “overweight” rating for the company in a research note on Monday, June 5th. Jefferies Group LLC decreased their price target on shares of Anglo American plc from GBX 1,300 ($16.79) to GBX 950 ($12.27) and set a “hold” rating for the company in a research note on Thursday, June 8th. Macquarie restated a “neutral” rating and set a GBX 1,215 ($15.69) price target on shares of Anglo American plc in a research note on Monday, June 19th. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 1,400 ($18.08) price target on shares of Anglo American plc in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,312.81 ($16.95).
Shares of Anglo American plc (AAL) traded down 1.97% during midday trading on Friday, hitting GBX 1290.50. 6,853,492 shares of the stock traded hands. The stock’s market capitalization is GBX 16.69 billion. Anglo American plc has a 52 week low of GBX 801.70 and a 52 week high of GBX 1,529.01. The firm has a 50-day moving average price of GBX 1,318.05 and a 200-day moving average price of GBX 1,170.39.
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In related news, insider Mphu Ramatlapeng purchased 283 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average cost of GBX 982 ($12.68) per share, with a total value of £2,779.06 ($3,589.13). Insiders purchased a total of 309 shares of company stock worth $308,252 over the last three months.
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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