Liberum Capital Increases Anglo American plc (AAL) Price Target to GBX 460
Anglo American plc (LON:AAL) had its price objective increased by equities researchers at Liberum Capital from GBX 440 ($5.45) to GBX 460 ($5.69) in a research report issued on Thursday. The firm currently has a “sell” rating on the mining company’s stock. Liberum Capital’s target price points to a potential downside of 54.64% from the stock’s previous close.
A number of other research analysts also recently issued reports on the stock. Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 400 ($4.95) target price on shares of Anglo American plc in a research report on Tuesday, July 12th. Barclays PLC upgraded shares of Anglo American plc to an “equal weight” rating and upped their price objective for the stock from GBX 550 ($6.81) to GBX 845 ($10.46) in a research report on Wednesday, September 21st. Credit Suisse Group AG upped their price objective on shares of Anglo American plc from GBX 870 ($10.77) to GBX 890 ($11.01) and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Jefferies Group reiterated an “underperform” rating on shares of Anglo American plc in a research report on Friday, July 15th. Finally, Macquarie reiterated a “neutral” rating and issued a GBX 815 ($10.09) price objective on shares of Anglo American plc in a research report on Wednesday, October 5th. Eleven research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 693.35 ($8.58).
Anglo American plc (LON:AAL) opened at 1008.50 on Thursday. The stock’s market cap is GBX 13.01 billion. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 1,063.50. The company has a 50-day moving average price of GBX 899.74 and a 200 day moving average price of GBX 753.15.
In other news, insider Mphu Ramatlapeng acquired 290 shares of Anglo American plc stock in a transaction dated Wednesday, September 28th. The shares were acquired at an average cost of GBX 937 ($11.60) per share, for a total transaction of £2,717.30 ($3,363.00).
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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