Credit Suisse Group Trims Anglo American plc (AAL) Target Price to GBX 1,190
Anglo American plc (LON:AAL) had its price objective reduced by research analysts at Credit Suisse Group from GBX 1,400 ($18.28) to GBX 1,190 ($15.54) in a research report issued on Wednesday. The firm presently has a “neutral” rating on the mining company’s stock. Credit Suisse Group’s target price suggests a potential upside of 5.03% from the company’s previous close.
AAL has been the topic of several other reports. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,600 ($20.89) price target (up from GBX 1,530 ($19.98)) on shares of Anglo American plc in a research report on Tuesday, May 2nd. HSBC Holdings plc reissued a “buy” rating and set a GBX 1,500 ($19.59) price target on shares of Anglo American plc in a research report on Wednesday, April 5th. BNP Paribas reissued a “neutral” rating and set a GBX 1,270 ($16.58) price target on shares of Anglo American plc in a research report on Tuesday, March 28th. Barclays PLC reissued an “equal weight” rating and set a GBX 1,165 ($15.21) price target on shares of Anglo American plc in a research report on Tuesday, July 4th. Finally, Citigroup Inc. reissued a “neutral” rating and set a GBX 1,400 ($18.28) price target on shares of Anglo American plc in a research report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,215 ($15.87).
Anglo American plc (AAL) opened at 1134.00 on Wednesday. The company’s 50-day moving average price is GBX 1,042.95 and its 200 day moving average price is GBX 1,172.31. Anglo American plc has a 12 month low of GBX 725.60 and a 12 month high of GBX 1,529.01. The company’s market capitalization is GBX 14.44 billion.
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In other Anglo American plc news, insider John Parker purchased 62,696 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of GBX 1,057 ($13.80) per share, with a total value of £662,696.72 ($865,365.27). Also, insider Mphu Ramatlapeng purchased 283 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of GBX 982 ($12.82) per share, with a total value of £2,779.06 ($3,628.96). In the last three months, insiders bought 63,007 shares of company stock valued at $66,578,196.
Anglo American plc Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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