Anglo American (AAL) Trading Up 0% After Analyst Upgrade
Anglo American plc (LON:AAL) shares were up 0% during mid-day trading on Tuesday after Barclays raised their price target on the stock from GBX 1,270 to GBX 1,550. Barclays currently has an equal weight rating on the stock. Anglo American traded as high as GBX 1,680 ($22.78) and last traded at GBX 1,677 ($22.74). Approximately 6,962,847 shares traded hands during trading, an increase of 20% from the average daily volume of 5,790,000 shares. The stock had previously closed at GBX 1,677 ($22.74).
AAL has been the subject of a number of other reports. Liberum Capital restated a “sell” rating and set a GBX 750 ($10.17) target price on shares of Anglo American in a research report on Monday, November 20th. Macquarie restated a “neutral” rating and set a GBX 1,250 ($16.95) target price on shares of Anglo American in a research report on Tuesday, October 10th. JPMorgan Chase & Co. decreased their target price on shares of Anglo American from GBX 1,670 ($22.65) to GBX 1,640 ($22.24) and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Deutsche Bank boosted their target price on shares of Anglo American from GBX 1,250 ($16.95) to GBX 1,270 ($17.22) and gave the company a “sell” rating in a research report on Friday, October 6th. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 1,550 ($21.02) target price on shares of Anglo American in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Anglo American currently has an average rating of “Hold” and an average target price of GBX 1,461.47 ($19.82).
In other news, insider Philip R. Hampton acquired 666 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was bought at an average price of GBX 1,478 ($20.04) per share, with a total value of £9,843.48 ($13,348.90). Insiders acquired 697 shares of company stock valued at $1,029,661 in the last ninety days.
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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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