JPMorgan Chase & Co. restated their overweight rating on shares of Anglo American plc (LON:AAL) in a research note issued to investors on Wednesday morning. They currently have a GBX 1,150 ($14.23) target price on the mining company’s stock.
Several other brokerages also recently issued reports on AAL. Barclays PLC reiterated an equal weight rating and set a GBX 845 ($10.46) price target on shares of Anglo American plc in a report on Wednesday, October 5th. Macquarie reiterated a neutral rating and set a GBX 815 ($10.09) price target on shares of Anglo American plc in a report on Wednesday, October 5th. Credit Suisse Group AG reiterated a neutral rating and set a GBX 950 ($11.76) price target on shares of Anglo American plc in a report on Sunday, September 25th. Canaccord Genuity upped their price target on shares of Anglo American plc from GBX 980 ($12.13) to GBX 1,080 ($13.37) and gave the stock a buy rating in a report on Thursday, September 29th. Finally, Jefferies Group reiterated an underperform rating and set a GBX 750 ($9.28) price target on shares of Anglo American plc in a report on Tuesday, September 20th. Eleven research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Anglo American plc currently has a consensus rating of Hold and a consensus price target of GBX 660.74 ($8.18).
Anglo American plc (LON:AAL) opened at 1042.3763 on Wednesday. The firm’s 50-day moving average price is GBX 882.83 and its 200 day moving average price is GBX 743.94. The company’s market capitalization is GBX 13.45 billion. Anglo American plc has a 12-month low of GBX 215.55 and a 12-month high of GBX 1,048.50.
In related news, insider Mphu Ramatlapeng purchased 290 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was bought at an average price of GBX 937 ($11.60) per share, for a total transaction of £2,717.30 ($3,363.00).
About Anglo American plc
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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