Anglo American plc (LON:AAL) had its target price cut by HSBC Holdings plc from GBX 1,350 ($17.63) to GBX 1,250 ($16.32) in a research report sent to investors on Friday morning. They currently have a buy rating on the mining company’s stock.
Other research analysts have also recently issued reports about the stock. Barclays PLC reduced their price target on shares of Anglo American plc from GBX 1,220 ($15.93) to GBX 1,165 ($15.21) and set an equal weight rating on the stock in a research report on Friday, April 21st. Deutsche Bank AG increased their price target on shares of Anglo American plc from GBX 1,310 ($17.11) to GBX 1,370 ($17.89) and gave the company a hold rating in a research report on Friday, March 17th. Finally, Jefferies Group LLC reiterated a hold rating and set a GBX 1,400 ($18.28) price target on shares of Anglo American plc in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Anglo American plc has a consensus rating of Hold and a consensus price target of GBX 1,228.13 ($16.04).
Anglo American plc (AAL) traded up 1.21% during midday trading on Friday, reaching GBX 1130.50. 3,827,447 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 1,038.60 and a 200-day moving average of GBX 1,177.39. Anglo American plc has a 12 month low of GBX 725.60 and a 12 month high of GBX 1,529.01. The stock’s market cap is GBX 14.40 billion.
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In other Anglo American plc news, insider John Parker acquired 62,696 shares of Anglo American plc stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of GBX 1,057 ($13.80) per share, for a total transaction of £662,696.72 ($865,365.27). Also, insider Mphu Ramatlapeng acquired 283 shares of Anglo American plc stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of GBX 982 ($12.82) per share, with a total value of £2,779.06 ($3,628.96). In the last ninety days, insiders bought 63,007 shares of company stock valued at $66,578,672.
Anglo American plc Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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