Barclays PLC Lowers Anglo American plc (AAL) Price Target to GBX 975
Anglo American plc (LON:AAL) had its target price decreased by research analysts at Barclays PLC from GBX 1,240 ($14.96) to GBX 975 ($11.76) in a research note issued on Monday. The firm presently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s price objective indicates a potential downside of 28.07% from the company’s current price.
A number of other research firms have also recently commented on AAL. HSBC restated a “hold” rating and issued a GBX 1,100 ($13.27) target price on shares of Anglo American plc in a research note on Friday, November 25th. Liberum Capital restated a “sell” rating and issued a GBX 575 ($6.94) target price on shares of Anglo American plc in a research note on Friday, November 25th. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,300 ($15.68) target price on shares of Anglo American plc in a research note on Friday, November 25th. Citigroup Inc. restated a “sell” rating on shares of Anglo American plc in a research note on Wednesday, November 23rd. Finally, Deutsche Bank AG lowered their target price on Anglo American plc from GBX 1,200 ($14.48) to GBX 1,110 ($13.39) and set a “hold” rating for the company in a research note on Wednesday, December 7th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Anglo American plc presently has an average rating of “Hold” and a consensus price target of GBX 957.50 ($11.55).
Shares of Anglo American plc (LON:AAL) traded up 1.96% on Monday, reaching GBX 1355.50. The company’s stock had a trading volume of 5,015,350 shares. The stock has a 50-day moving average of GBX 1,190.83 and a 200 day moving average of GBX 998.37. The company’s market cap is GBX 17.49 billion. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 1,529.01.
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In other Anglo American plc news, insider Philip R. Hampton acquired 807 shares of the stock in a transaction dated Thursday, December 22nd. The shares were acquired at an average cost of GBX 1,138 ($13.73) per share, for a total transaction of £9,183.66 ($11,079.33).
Anglo American plc Company Profile
Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company’s segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa.
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