Anglo American plc (AAL) Stock Rating Upgraded by Macquarie
Anglo American plc (LON:AAL) was upgraded by equities researchers at Macquarie to a “neutral” rating in a research report issued to clients and investors on Tuesday. The firm presently has a GBX 815 ($10.64) price target on the mining company’s stock. Macquarie’s target price would suggest a potential downside of 5.33% from the company’s current price.
Several other brokerages also recently issued reports on AAL. Credit Suisse Group AG increased their price objective on shares of Anglo American plc from GBX 870 ($11.36) to GBX 890 ($11.62) and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Anglo American plc from GBX 1,050 ($13.71) to GBX 1,100 ($14.36) and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Jefferies Group reissued an “underperform” rating and set a GBX 750 ($9.79) price objective on shares of Anglo American plc in a research report on Tuesday. Canaccord Genuity raised shares of Anglo American plc to a “buy” rating and increased their price objective for the stock from GBX 620 ($8.09) to GBX 980 ($12.79) in a research report on Tuesday, August 2nd. Finally, BNP Paribas reissued an “underperform” rating and set a GBX 730 ($9.53) price objective on shares of Anglo American plc in a research report on Wednesday, August 3rd. Twelve analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 655.92 ($8.56).
Anglo American plc (LON:AAL) opened at 865.50 on Tuesday. The firm’s market cap is GBX 11.16 billion. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 910.00. The firm’s 50-day moving average is GBX 843.50 and its 200-day moving average is GBX 699.50.
In other Anglo American plc news, insider Hampton,Philip R purchased 1,178 shares of the stock in a transaction that occurred on Friday, June 24th. The shares were acquired at an average cost of GBX 673 ($8.78) per share, with a total value of £7,927.94 ($10,348.44).
Anglo American plc Company Profile
Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.
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