Trade Report: The Anglo American plc (AAL) Given “Neutral” Rating at Macquarie

The Anglo American plc (AAL) Given “Neutral” Rating at Macquarie

Macquarie reiterated their neutral rating on shares of Anglo American plc (LON:AAL) in a report issued on Wednesday. The firm currently has a GBX 815 ($10.09) price objective on the mining company’s stock.

AAL has been the subject of several other research reports. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 1,100 ($13.61) price objective on shares of Anglo American plc in a research note on Wednesday, September 7th. Liberum Capital reissued a sell rating and set a GBX 440 ($5.45) target price on shares of Anglo American plc in a research report on Tuesday, September 20th. Barclays PLC raised shares of Anglo American plc to an equal weight rating and increased their target price for the company from GBX 550 ($6.81) to GBX 845 ($10.46) in a research report on Wednesday, September 21st. HSBC increased their target price on shares of Anglo American plc from GBX 880 ($10.89) to GBX 930 ($11.51) and gave the company a hold rating in a research report on Monday, August 1st. Finally, Haitong Bank reissued a neutral rating and set a GBX 658 ($8.14) target price on shares of Anglo American plc in a research report on Tuesday, July 26th. Eleven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 661.61 ($8.19).

Shares of Anglo American plc (LON:AAL) opened at 990.90 on Wednesday. Anglo American plc has a 12 month low of GBX 215.55 and a 12 month high of GBX 1,063.50. The company has a 50 day moving average of GBX 892.39 and a 200 day moving average of GBX 749.72. The stock’s market cap is GBX 12.78 billion.

In other news, insider Mphu Ramatlapeng bought 290 shares of the company’s stock in a transaction that occurred on 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).

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