Deutsche Bank AG Boosts Anglo American plc (AAL) Price Target to GBX 1,270
Anglo American plc (LON:AAL) had its price objective lifted by analysts at Deutsche Bank AG from GBX 1,250 ($16.58) to GBX 1,270 ($16.85) in a note issued to investors on Friday. The brokerage presently has a “sell” rating on the mining company’s stock. Deutsche Bank AG’s price objective would indicate a potential downside of 13.81% from the company’s previous close.
A number of other research analysts have also recently issued reports on the stock. Macquarie reissued a “neutral” rating and issued a GBX 1,250 ($16.58) price objective on shares of Anglo American plc in a research note on Thursday, September 14th. HSBC Holdings plc reiterated a “hold” rating and set a GBX 1,410 ($18.70) price target on shares of Anglo American plc in a report on Tuesday, September 5th. J P Morgan Chase & Co lifted their price target on shares of Anglo American plc from GBX 1,600 ($21.22) to GBX 1,670 ($22.15) and gave the stock an “overweight” rating in a report on Tuesday, September 5th. Jefferies Group LLC lifted their price target on shares of Anglo American plc from GBX 1,250 ($16.58) to GBX 1,500 ($19.90) and gave the stock a “hold” rating in a report on Thursday, August 31st. Finally, Liberum Capital reissued a “sell” rating and set a GBX 750 ($9.95) target price on shares of Anglo American plc in a research note on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,329.69 ($17.64).
Shares of Anglo American plc (AAL) opened at 1473.50 on Friday. The firm’s 50-day moving average price is GBX 1,349.01 and its 200-day moving average price is GBX 1,180.13. The firm’s market capitalization is GBX 19.05 billion. Anglo American plc has a 12-month low of GBX 950.10 and a 12-month high of GBX 1,529.01.
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In other news, insider Philip R. Hampton acquired 725 shares of Anglo American plc stock in a transaction on Tuesday, September 26th. The stock was acquired at an average cost of GBX 1,289 ($17.10) per share, for a total transaction of £9,345.25 ($12,395.87). Over the last quarter, insiders purchased 763 shares of company stock valued at $980,831.
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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