Haitong Bank Raises Anglo American plc (AAL) Price Target to GBX 850
Anglo American plc (LON:AAL) had its price target boosted by Haitong Bank from GBX 658 ($8.59) to GBX 850 ($11.10) in a report issued on Monday. Haitong Bank currently has a neutral rating on the mining company’s stock.
Other research analysts also recently issued research reports about the stock. Canaccord Genuity upgraded shares of Anglo American plc to a buy rating and upped their price objective for the stock from GBX 620 ($8.09) to GBX 980 ($12.79) in a research report on Tuesday, August 2nd. HSBC upped their price objective on shares of Anglo American plc from GBX 880 ($11.49) to GBX 930 ($12.14) and gave the stock a hold rating in a research report on Monday, August 1st. Credit Suisse Group AG reiterated a neutral rating and issued a GBX 500 ($6.53) price objective on shares of Anglo American plc in a research report on Monday, May 30th. Royal Bank Of Canada upgraded shares of Anglo American plc to an outperform rating and upped their price objective for the stock from GBX 800 ($10.44) to GBX 1,000 ($13.05) in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,050 ($13.71) price objective on shares of Anglo American plc in a research report on Wednesday, August 3rd. Eleven 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 stock. Anglo American plc currently has an average rating of Hold and a consensus price target of GBX 669.88 ($8.74).
Anglo American plc (LON:AAL) opened at 916.40 on Monday. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 925.80. The company has a 50-day moving average price of GBX 844.58 and a 200 day moving average price of GBX 702.78. The stock’s market cap is GBX 11.82 billion.
In other news, insider Hampton,Philip R acquired 1,178 shares of Anglo American plc stock in a transaction dated Friday, June 24th. The shares were acquired at an average cost of GBX 673 ($8.78) per share, for a total transaction of £7,927.94 ($10,348.44).
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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