Jefferies Group Reiterates Underperform Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “underperform” rating reiterated by research analysts at Jefferies Group in a report released on Tuesday. They presently have a GBX 750 ($9.79) price objective on the mining company’s stock. Jefferies Group’s price objective points to a potential downside of 15.61% from the company’s previous close.
Several other brokerages also recently commented on AAL. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,100 ($14.36) price objective on shares of Anglo American plc in a research note on Wednesday, September 7th. HSBC increased their price target 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 note on Monday, August 1st. Macquarie reissued an “underperform” rating and issued a GBX 570 ($7.44) price target on shares of Anglo American plc in a research note on Monday, September 5th. Haitong Bank reissued a “neutral” rating and issued a GBX 658 ($8.59) price target on shares of Anglo American plc in a research note on Tuesday, July 26th. Finally, Credit Suisse Group AG increased their price target 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 note on Tuesday, August 9th. Eleven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 669.88 ($8.74).
Anglo American plc (LON:AAL) opened at 916.00 on Tuesday. The company’s market cap is GBX 11.82 billion. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 925.80. The firm’s 50 day moving average is GBX 844.58 and its 200 day moving average is GBX 702.78.
In other news, insider Hampton,Philip R acquired 1,178 shares of the firm’s stock in a transaction dated Friday, June 24th. The shares were purchased 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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