Trading Report: The Anglo American plc (AAL) Receives “Underperform” Rating from Jefferies Group

The Anglo American plc (AAL) Receives “Underperform” Rating from Jefferies Group

Anglo American plc (LON:AAL)‘s stock had its “underperform” rating reaffirmed by stock analysts at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a GBX 850 ($10.36) price target on the mining company’s stock. Jefferies Group’s target price would suggest a potential downside of 22.69% from the company’s current price.

Several other research firms have also recently weighed in on AAL. Macquarie reissued a “neutral” rating and issued a GBX 880 ($10.73) target price on shares of Anglo American plc in a research note on Wednesday, October 26th. Barclays PLC raised their target price on shares of Anglo American plc from GBX 845 ($10.30) to GBX 975 ($11.88) and gave the company an “equal weight” rating in a research note on Monday, October 24th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 965 ($11.76) target price (up from GBX 940 ($11.46)) on shares of Anglo American plc in a research note on Tuesday, October 25th. Liberum Capital reissued a “sell” rating and issued a GBX 440 ($5.36) target price on shares of Anglo American plc in a research note on Tuesday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Anglo American plc from GBX 1,150 ($14.02) to GBX 1,230 ($14.99) and gave the company an “overweight” rating in a research note on Friday, October 21st. Eleven analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 721.23 ($8.79).

Shares of Anglo American plc (LON:AAL) opened at 1092.517212 on Monday. The company’s market cap is GBX 14.09 billion. The firm has a 50-day moving average of GBX 967.20 and a 200 day moving average of GBX 790.89. Anglo American plc has a one year low of GBX 215.55 and a one year high of GBX 1,130.00.

In related news, insider Mphu Ramatlapeng acquired 290 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average cost of GBX 937 ($11.42) per share, with a total value of £2,717.30 ($3,311.76).

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