Credit Suisse Group AG Increases Anglo American plc (AAL) Price Target to GBX 950
Anglo American plc (LON:AAL) had its price objective hoisted by stock analysts at Credit Suisse Group AG from GBX 890 ($11.62) to GBX 950 ($12.40) in a report issued on Monday. The firm presently has a “neutral” rating on the mining company’s stock. Credit Suisse Group AG’s target price would indicate a potential upside of 10.77% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 400 ($5.22) target price on shares of Anglo American plc in a report on Tuesday, July 12th. Jefferies Group reaffirmed an “underperform” rating on shares of Anglo American plc in a report on Friday, July 15th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 400 ($5.22) target price on shares of Anglo American plc in a report on Thursday, July 14th. Macquarie reaffirmed an “underperform” rating and issued a GBX 570 ($7.44) target price on shares of Anglo American plc in a report on Monday, August 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Anglo American plc from GBX 1,100 ($14.36) to GBX 1,150 ($15.01) and gave the company an “overweight” rating in a report on Thursday, September 15th. Eleven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Anglo American plc has a consensus rating of “Hold” and a consensus target price of GBX 669.88 ($8.74).
Anglo American plc (LON:AAL) opened at 857.60 on Monday. The stock’s market capitalization is GBX 11.06 billion. Anglo American plc has a 1-year low of GBX 215.55 and a 1-year high of GBX 910.00. The company’s 50 day moving average is GBX 843.88 and its 200-day moving average is GBX 701.79.
In related news, insider Hampton,Philip R bought 1,178 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were bought at an average cost of GBX 673 ($8.78) per share, for a total transaction of £7,927.94 ($10,348.44).
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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