Anglo American plc (AAL) Price Target Raised to GBX 1,250 at Jefferies Group LLC
Anglo American plc (LON:AAL) had its target price upped by Jefferies Group LLC from GBX 1,000 ($13.19) to GBX 1,250 ($16.49) in a report released on Friday morning, MarketBeat reports. Jefferies Group LLC currently has a hold rating on the mining company’s stock.
Other research analysts also recently issued research reports about the stock. HSBC Holdings plc reiterated a buy rating and issued a GBX 1,410 ($18.60) target price on shares of Anglo American plc in a research note on Thursday, May 4th. Canaccord Genuity reissued a buy rating and set a GBX 1,650 ($21.76) price objective on shares of Anglo American plc in a report on Friday, July 21st. Investec reissued a buy rating and set a GBX 1,385 ($18.27) price objective on shares of Anglo American plc in a report on Tuesday, July 25th. Finally, Barclays PLC decreased their price objective on shares of Anglo American plc from GBX 1,220 ($16.09) to GBX 1,165 ($15.37) and set an equal weight rating for the company in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Anglo American plc presently has a consensus rating of Hold and an average target price of GBX 1,276.25 ($16.83).
Shares of Anglo American plc (LON AAL) opened at 1251.50 on Friday. Anglo American plc has a 1-year low of GBX 725.60 and a 1-year high of GBX 1,529.01. The firm has a 50-day moving average of GBX 1,073.46 and a 200 day moving average of GBX 1,170.76. The stock’s market cap is GBX 16.18 billion.
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The company also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th will be paid a $0.48 dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 2.98%.
In other news, insider Mphu Ramatlapeng acquired 283 shares of Anglo American plc stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of GBX 982 ($12.95) per share, with a total value of £2,779.06 ($3,665.82). Also, insider John Parker acquired 62,696 shares of Anglo American plc stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average cost of GBX 1,057 ($13.94) per share, with a total value of £662,696.72 ($874,154.76). Over the last three months, insiders bought 63,007 shares of company stock valued at $66,578,196.
About Anglo American plc
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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