JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Anglo American plc (LON:AAL) in a research report sent to investors on Wednesday morning. JPMorgan Chase & Co. currently has a GBX 1,150 ($15.01) price objective on the mining company’s stock.
Several other analysts have also issued reports on the stock. Goldman Sachs Group Inc. reiterated a sell rating and issued a GBX 400 ($5.22) target price on shares of Anglo American plc in a research report on Tuesday, July 12th. Barclays PLC upgraded shares of Anglo American plc to an equal weight rating and lifted their target price for the company from GBX 550 ($7.18) to GBX 845 ($11.03) in a research report on Wednesday, September 21st. Credit Suisse Group AG lifted their target price on shares of Anglo American plc from GBX 870 ($11.36) to GBX 890 ($11.62) and gave the company a neutral rating in a research report on Tuesday, August 9th. Jefferies Group reiterated an underperform rating on shares of Anglo American plc in a research report on Friday, July 15th. Finally, Liberum Capital reiterated a sell rating and issued a GBX 400 ($5.22) target price on shares of Anglo American plc in a research report on Thursday, July 14th. Eleven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 674.04 ($8.80).
Shares of Anglo American plc (LON:AAL) traded down 0.15% during trading on Wednesday, hitting GBX 1009.50. 2,744,341 shares of the stock were exchanged. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,029.00. The stock’s 50 day moving average price is GBX 871.31 and its 200-day moving average price is GBX 732.94. The company’s market cap is GBX 13.02 billion.
In related news, insider Mphu Ramatlapeng bought 290 shares of the stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average price of GBX 937 ($12.23) per share, for a total transaction of £2,717.30 ($3,546.93).
Anglo American plc Company Profile
Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.
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