Anglo American plc (AAL) Earns “Hold” Rating from HSBC
HSBC reiterated their hold rating on shares of Anglo American plc (LON:AAL) in a research note published on Friday morning. HSBC currently has a GBX 1,100 ($13.65) target price on the mining company’s stock.
A number of other equities research analysts have also recently issued reports on AAL. Royal Bank Of Canada restated a sector performer rating and set a GBX 800 ($9.92) price objective on shares of Anglo American plc in a report on Thursday, July 28th. Canaccord Genuity restated a sell rating and set a GBX 620 ($7.69) price objective on shares of Anglo American plc in a report on Thursday, July 28th. BNP Paribas restated an underperform rating and set a GBX 730 ($9.06) price objective on shares of Anglo American plc in a report on Wednesday, August 3rd. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,050 ($13.03) price objective on shares of Anglo American plc in a report on Wednesday, August 3rd. Finally, Jefferies Group restated an underperform rating and set a GBX 750 ($9.30) price objective on shares of Anglo American plc in a report on Thursday, August 4th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 869.62 ($10.79).
Anglo American plc (LON:AAL) opened at 1165.50 on Friday. The company’s market capitalization is GBX 15.03 billion. Anglo American plc has a 12 month low of GBX 215.55 and a 12 month high of GBX 1,270.50. The firm has a 50-day moving average price of GBX 1,112.89 and a 200-day moving average price of GBX 861.44.
ILLEGAL ACTIVITY WARNING: “Anglo American plc (AAL) Earns “Hold” Rating from HSBC” was published by Financial Market News and is owned by of Financial Market News. If you are reading this story on another website, it was illegally copied and republished in violation of United States & international copyright legislation. The correct version of this story can be viewed at http://www.financial-market-news.com/anglo-american-plc-aal-earns-hold-rating-from-hsbc/1209849/.
In other Anglo American plc news, insider Mphu Ramatlapeng acquired 290 shares of Anglo American plc stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average price of GBX 937 ($11.62) per share, with a total value of £2,717.30 ($3,370.92).
Anglo American plc Company Profile
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.
Receive News & Ratings for Anglo American plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American plc and related companies with MarketBeat.com's FREE daily email newsletter.