Anglo American plc (AAL) Receives Neutral Rating from Credit Suisse Group AG

Credit Suisse Group AG reissued their neutral rating on shares of Anglo American plc (LON:AAL) in a research note released on Thursday. The brokerage currently has a GBX 1,300 ($16.13) price objective on the mining company’s stock.

A number of other research firms have also recently issued reports on AAL. JPMorgan Chase & Co. upped their price objective on shares of Anglo American plc from GBX 1,150 ($14.27) to GBX 1,230 ($15.26) and gave the stock an overweight rating in a research report on Friday, October 21st. Liberum Capital reiterated a sell rating and set a GBX 440 ($5.46) price objective on shares of Anglo American plc in a research report on Tuesday, September 20th. Barclays PLC upgraded shares of Anglo American plc to an equal weight rating and upped their price objective for the stock from GBX 550 ($6.82) to GBX 845 ($10.48) in a research report on Wednesday, September 21st. Macquarie reiterated an underperform rating and set a GBX 570 ($7.07) price objective on shares of Anglo American plc in a research report on Monday, September 5th. Finally, Deutsche Bank AG reissued a hold rating and set a GBX 1,200 ($14.89) target price on shares of Anglo American plc in a report on Tuesday, November 22nd. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 894.38 ($11.10).

Anglo American plc (LON:AAL) traded up 0.17% during mid-day trading on Thursday, hitting GBX 1209.50. 5,594,641 shares of the stock traded hands. The stock’s market capitalization is GBX 15.60 billion. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,270.50. The company has a 50 day moving average price of GBX 1,112.89 and a 200-day moving average price of GBX 861.44.

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In other Anglo American plc news, insider Mphu Ramatlapeng bought 290 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was purchased at an average price of GBX 937 ($11.62) per share, for a total transaction 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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