Anglo American (AAL) Stock Rating Upgraded by Deutsche Bank
Anglo American (LON:AAL) was upgraded by equities research analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Friday. The brokerage presently has a GBX 1,400 ($18.75) target price on the mining company’s stock, up from their prior target price of GBX 1,300 ($17.41). Deutsche Bank’s price target would indicate a potential upside of 2.34% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Macquarie reaffirmed a “neutral” rating on shares of Anglo American in a report on Monday, November 6th. Societe Generale boosted their price objective on Anglo American from GBX 1,550 ($20.76) to GBX 1,650 ($22.10) and gave the stock a “buy” rating in a research report on Thursday, November 9th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,640 ($21.96) target price on shares of Anglo American in a research report on Wednesday, November 15th. Credit Suisse Group restated a “neutral” rating and set a GBX 1,550 ($20.76) price target on shares of Anglo American in a report on Wednesday, November 15th. Finally, restated a “buy” rating and set a GBX 1,630 ($21.83) price target on shares of Anglo American in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,399.12 ($18.74).
Anglo American (LON:AAL) opened at GBX 1,368 ($18.32) on Friday. Anglo American has a 1 year low of GBX 950.10 ($12.72) and a 1 year high of GBX 1,534.50 ($20.55).
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About Anglo American
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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