Anglo American (AAL) Upgraded at Deutsche Bank
Deutsche Bank upgraded shares of Anglo American (LON:AAL) to a hold rating in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage currently has GBX 1,400 ($18.84) target price on the mining company’s stock, up from their previous target price of GBX 1,300 ($17.50).
AAL has been the subject of several other research reports. Jefferies Group upped their price target on shares of Anglo American from GBX 1,250 ($16.82) to GBX 1,500 ($20.19) and gave the company a hold rating in a research report on Thursday, August 31st. Macquarie reaffirmed a neutral rating and set a GBX 1,330 ($17.90) price target on shares of Anglo American in a research report on Wednesday, October 18th. J P Morgan Chase & Co upped their price target on shares of Anglo American from GBX 1,600 ($21.53) to GBX 1,670 ($22.48) and gave the company an overweight rating in a research report on Tuesday, September 5th. Credit Suisse Group reaffirmed a neutral rating and set a GBX 1,550 ($20.86) price target on shares of Anglo American in a research report on Wednesday, November 15th. Finally, Societe Generale upped their price target on shares of Anglo American from GBX 1,550 ($20.86) to GBX 1,650 ($22.21) and gave the company a buy rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 1,413.82 ($19.03).
Shares of Anglo American (AAL) opened at GBX 1,375.50 ($18.51) on Friday. Anglo American has a 52-week low of GBX 950.10 ($12.79) and a 52-week high of GBX 1,534.50 ($20.65).
In other Anglo American news, insider Philip R. Hampton purchased 725 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was acquired at an average cost of GBX 1,289 ($17.35) per share, for a total transaction of £9,345.25 ($12,577.73). Insiders acquired a total of 757 shares of company stock valued at $980,365 over the last 90 days.
About Anglo American
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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