Anglo American plc (AAL) Stock Rating Upgraded by Barclays PLC
Anglo American plc (LON:AAL) was upgraded by analysts at Barclays PLC to an “equal weight” rating in a research note issued on Wednesday. The brokerage currently has a GBX 845 ($11.03) target price on the mining company’s stock, up from their prior target price of GBX 550 ($7.18). Barclays PLC’s price target would suggest a potential downside of 8.20% from the company’s current price.
Several other equities research analysts have also recently commented on the stock. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 400 ($5.22) target price on shares of Anglo American plc in a research report on Tuesday, July 12th. Credit Suisse Group AG raised their target price 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. Jefferies Group reaffirmed an “underperform” rating on shares of Anglo American plc in a research report on Friday, July 15th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 400 ($5.22) target price on shares of Anglo American plc in a research report on Thursday, July 14th. Finally, Macquarie reaffirmed an “underperform” rating and issued a GBX 570 ($7.44) target price on shares of Anglo American plc in a research report on Monday, August 22nd. Eleven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 669.88 ($8.74).
Shares of Anglo American plc (LON:AAL) opened at 920.50 on Wednesday. The company’s market capitalization is GBX 11.87 billion. Anglo American plc has a 12 month low of GBX 215.55 and a 12 month high of GBX 925.80. The firm has a 50-day moving average of GBX 847.27 and a 200-day moving average of GBX 705.39.
About Anglo American plc
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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