Macquarie Reiterates “Neutral” Rating for Anglo American plc (AAL)
Anglo American plc (LON:AAL)‘s stock had its “neutral” rating reiterated by investment analysts at Macquarie in a research report issued to clients and investors on Wednesday. They presently have a GBX 815 ($10.64) price objective on the mining company’s stock. Macquarie’s price objective points to a potential downside of 18.37% from the company’s previous close.
A number of other research analysts also recently commented on AAL. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 540 ($7.05) target price on shares of Anglo American plc in a report on Monday, June 13th. Citigroup Inc. reaffirmed a “sell” rating on shares of Anglo American plc in a report on Tuesday, June 21st. Barclays PLC reaffirmed an “underweight” rating on shares of Anglo American plc in a report on Thursday, June 23rd. BNP Paribas reaffirmed an “underperform” rating and set a GBX 600 ($7.83) target price on shares of Anglo American plc in a report on Monday, June 27th. Finally, Goldman Sachs Group Inc. increased their target price on Anglo American plc from GBX 250 ($3.26) to GBX 400 ($5.22) and gave the stock a “sell” rating in a report on Tuesday, June 28th. Eleven 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 a consensus rating of “Hold” and an average target price of GBX 674.04 ($8.80).
Shares of Anglo American plc (LON:AAL) opened at 1033.00 on Wednesday. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 1,035.00. The firm’s 50-day moving average price is GBX 874.32 and its 200-day moving average price is GBX 734.81. The stock’s market capitalization is GBX 13.33 billion.
In related news, insider Mphu Ramatlapeng acquired 290 shares of Anglo American plc stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average cost of GBX 937 ($12.23) per share, with a total value of £2,717.30 ($3,546.93).
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.
Receive News & Ratings for Anglo American plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American plc and related companies with MarketBeat.com's FREE daily email newsletter.