Haitong Bank Raises Anglo American plc (AAL) Price Target to GBX 850
Anglo American plc (LON:AAL) had its price objective raised by Haitong Bank from GBX 658 ($8.59) to GBX 850 ($11.10) in a report released on Monday morning. Haitong Bank currently has a neutral rating on the mining company’s stock.
A number of other research firms also recently issued reports on AAL. Macquarie restated an underperform rating and issued a GBX 430 ($5.61) target price on shares of Anglo American plc in a report on Monday, May 23rd. Credit Suisse Group AG restated a neutral rating and issued a GBX 500 ($6.53) target price on shares of Anglo American plc in a report on Tuesday, May 24th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 540 ($7.05) target price on shares of Anglo American plc in a report on Thursday, May 26th. Citigroup Inc. restated a sell rating on shares of Anglo American plc in a report on Tuesday, June 21st. Finally, Barclays PLC restated an underweight rating on shares of Anglo American plc in a report on Thursday, June 23rd. Eleven analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Anglo American plc presently has a consensus rating of Hold and a consensus price target of GBX 669.88 ($8.74).
Shares of Anglo American plc (LON:AAL) opened at 916.40 on Monday. The stock has a 50 day moving average of GBX 844.58 and a 200-day moving average of GBX 702.78. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 925.80. The firm’s market capitalization is GBX 11.82 billion.
In related news, insider Hampton,Philip R bought 1,178 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The stock was purchased at an average price 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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