Anglo American (AAL) Given New GBX 2,200 Price Target at Royal Bank of Canada
Anglo American (LON:AAL) had its price objective raised by Royal Bank of Canada from GBX 2,050 ($28.32) to GBX 2,200 ($30.40) in a research report report published on Friday. The firm currently has an outperform rating on the mining company’s stock.
A number of other brokerages have also recently commented on AAL. Societe Generale increased their price target on shares of Anglo American from GBX 1,550 ($21.41) to GBX 1,650 ($22.80) and gave the company a buy rating in a research note on Thursday, November 9th. Canaccord Genuity reiterated a buy rating and issued a GBX 1,560 ($21.55) price target on shares of Anglo American in a research note on Tuesday, October 24th. Jefferies Group upgraded shares of Anglo American to a buy rating and increased their price target for the company from GBX 1,500 ($20.72) to GBX 2,000 ($27.63) in a research note on Friday, January 5th. Barclays increased their price target on shares of Anglo American from GBX 1,220 ($16.86) to GBX 1,270 ($17.55) and gave the company an equal weight rating in a research note on Tuesday, October 24th. Finally, Deutsche Bank upgraded shares of Anglo American to a hold rating and increased their price target for the company from GBX 1,300 ($17.96) to GBX 1,400 ($19.34) in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Anglo American currently has an average rating of Hold and a consensus price target of GBX 1,576.18 ($21.78).
Anglo American (AAL) opened at GBX 1,732.21 ($23.93) on Friday. Anglo American has a 1-year low of GBX 950.10 ($13.13) and a 1-year high of GBX 1,795.40 ($24.81). The company has a market cap of $24,330.00 and a price-to-earnings ratio of 836.82.
Anglo American 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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