Credit Suisse Group AG Reaffirms Neutral Rating for Anglo American plc (AAL)
Credit Suisse Group AG reaffirmed their neutral rating on shares of Anglo American plc (LON:AAL) in a research note released on Friday morning. Credit Suisse Group AG currently has a GBX 1,300 ($16.13) price objective on the mining company’s stock.
Other research analysts have also recently issued reports about the stock. Barclays PLC reiterated an equal weight rating and set a GBX 975 ($12.10) target price on shares of Anglo American plc in a report on Tuesday, November 22nd. Macquarie restated an underperform rating and issued a GBX 570 ($7.07) price target on shares of Anglo American plc in a report on Thursday, August 4th. Liberum Capital restated a sell rating and issued a GBX 440 ($5.46) price target on shares of Anglo American plc in a report on Tuesday, October 25th. Jefferies Group restated an underperform rating and issued a GBX 750 ($9.30) price target on shares of Anglo American plc in a report on Thursday, August 4th. Finally, Canaccord Genuity upgraded shares of Anglo American plc to a buy rating and raised their price target for the company from GBX 620 ($7.69) to GBX 980 ($12.16) in a report on Tuesday, August 2nd. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Anglo American plc presently has an average rating of Hold and a consensus target price of GBX 869.62 ($10.79).
Shares of Anglo American plc (LON:AAL) opened at 1165.50 on Friday. The company’s market cap is GBX 15.03 billion. The firm has a 50-day moving average of GBX 1,112.89 and a 200-day moving average of GBX 861.44. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,270.50.
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In other news, insider Mphu Ramatlapeng bought 290 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was purchased at an average cost of GBX 937 ($11.62) per share, with a total value of £2,717.30 ($3,370.92).
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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