Barclays PLC Lowers Anglo American plc (AAL) Price Target to GBX 1,220

Anglo American plc (LON:AAL) had its price objective lowered by equities researchers at Barclays PLC from GBX 1,240 ($15.58) to GBX 1,220 ($15.33) in a note issued to investors on Friday. The brokerage presently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s target price would indicate a potential upside of 1.37% from the stock’s previous close.

AAL has been the subject of several other research reports. HSBC Holdings plc raised shares of Anglo American plc to a “buy” rating and lifted their price objective for the company from GBX 1,100 ($13.82) to GBX 1,470 ($18.47) in a research note on Tuesday, January 17th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 575 ($7.23) price objective on shares of Anglo American plc in a research note on Thursday, December 15th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 1,400 ($17.59) price objective on shares of Anglo American plc in a research note on Monday, February 6th. Jefferies Group LLC lifted their price objective on shares of Anglo American plc from GBX 1,150 ($14.45) to GBX 1,200 ($15.08) and gave the company a “hold” rating in a research note on Friday, January 6th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,470 ($18.47) price objective on shares of Anglo American plc in a research note on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,317.81 ($16.56).

Analyst Recommendations for Anglo American plc (LON:AAL)

Anglo American plc (LON:AAL) opened at 1203.50 on Friday. 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 is GBX 1,280.68 and its 200 day moving average is GBX 1,164.76. The company’s market cap is GBX 15.33 billion.

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In related news, insider Philip R. Hampton acquired 727 shares of the company’s stock in a transaction dated Friday, March 24th. The shares were bought at an average price of GBX 1,264 ($15.89) per share, for a total transaction of £9,189.28 ($11,548.67). Also, insider Tony O’Neill sold 3,983 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of GBX 1,156 ($14.53), for a total transaction of £46,043.48 ($57,865.38).

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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