Anglo American plc (AAL) Price Target Raised to GBX 1,850
Anglo American plc (LON:AAL) had its target price hoisted by Royal Bank of Canada from GBX 1,800 ($22.23) to GBX 1,850 ($22.85) in a report published on Thursday morning. The brokerage currently has an outperform rating on the mining company’s stock.
Other equities research analysts have also recently issued research reports about the company. Goldman Sachs Group Inc restated a buy rating and issued a GBX 1,400 ($17.29) target price on shares of Anglo American plc in a research note on Wednesday, November 16th. HSBC Holdings plc upgraded Anglo American plc to a buy rating and upped their price objective for the stock from GBX 1,100 ($13.59) to GBX 1,470 ($18.15) in a research note on Tuesday, January 17th. Canaccord Genuity reiterated a buy rating and set a GBX 1,650 ($20.38) price objective on shares of Anglo American plc in a research note on Friday, January 27th. Finally, Barclays PLC reiterated an equal weight rating and set a GBX 975 ($12.04) price objective on shares of Anglo American plc in a research note on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 1,322.19 ($16.33).
Anglo American plc (LON:AAL) opened at 1280.00 on Thursday. Anglo American plc has a 12-month low of GBX 469.65 and a 12-month high of GBX 1,529.01. The stock’s 50 day moving average price is GBX 1,295.97 and its 200 day moving average price is GBX 1,149.77. The company’s market capitalization is GBX 16.30 billion.
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In other Anglo American plc news, insider Tony O’Neill sold 3,983 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of GBX 1,156 ($14.28), for a total value of £46,043.48 ($56,864.86). Also, insider Philip R. Hampton acquired 807 shares of the firm’s stock in a transaction on Thursday, December 22nd. The stock was purchased at an average cost of GBX 1,138 ($14.05) per share, for a total transaction 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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