Anglo American plc (AAL) Price Target Increased to GBX 1,370 by Analysts at Deutsche Bank AG
Anglo American plc (LON:AAL) had its price objective raised by Deutsche Bank AG from GBX 1,310 ($16.18) to GBX 1,370 ($16.92) in a research note published on Friday morning. Deutsche Bank AG currently has a hold rating on the mining company’s stock.
A number of other equities research analysts have also commented on the company. Royal Bank of Canada upped their target price on Anglo American plc from GBX 1,800 ($22.23) to GBX 1,850 ($22.85) and gave the company an outperform rating in a research report on Thursday. Jefferies Group LLC reiterated a hold rating and issued a GBX 1,400 ($17.29) target price on shares of Anglo American plc in a research report on Thursday. Macquarie reiterated a neutral rating and issued a GBX 1,250 ($15.44) target price on shares of Anglo American plc in a research report on Thursday. Citigroup Inc reiterated a neutral rating and issued a GBX 1,450 ($17.91) target price on shares of Anglo American plc in a research report on Thursday. Finally, Goldman Sachs Group Inc dropped their target price on Anglo American plc from GBX 1,600 ($19.76) to GBX 1,500 ($18.53) and set a buy rating on the stock in a research report on Wednesday, March 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 1,322.19 ($16.33).
Shares of Anglo American plc (LON:AAL) traded down 1.04% during midday trading on Friday, reaching GBX 1279.00. 4,353,294 shares of the company’s stock were exchanged. The company’s 50-day moving average is GBX 1,300.01 and its 200-day moving average is GBX 1,142.03. The stock’s market cap is GBX 16.29 billion. Anglo American plc has a one year low of GBX 469.65 and a one year high of GBX 1,529.01.
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In other news, insider Tony O’Neill sold 3,983 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of GBX 1,156 ($14.28), for a total transaction of £46,043.48 ($56,864.86). Also, insider Philip R. Hampton bought 807 shares of Anglo American plc stock in a transaction dated Thursday, December 22nd. The shares were acquired at an average cost of GBX 1,138 ($14.05) per share, with a total value of £9,183.66 ($11,342.05).
About Anglo American plc
Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company’s segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa.
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