Trading Report: The Anglo American plc (AAL) Price Target Increased to GBX 1,330 by Analysts at Canaccord Genuity

The Anglo American plc (AAL) Price Target Increased to GBX 1,330 by Analysts at Canaccord Genuity

Anglo American plc (LON:AAL) had its target price raised by equities research analysts at Canaccord Genuity from GBX 1,080 ($13.49) to GBX 1,330 ($16.62) in a report released on Wednesday. The firm currently has a “buy” rating on the mining company’s stock. Canaccord Genuity’s price target points to a potential upside of 7.65% from the company’s current price.

AAL has been the subject of a number of other research reports. BNP Paribas reiterated an “underperform” rating and issued a GBX 730 ($9.12) price objective on shares of Anglo American plc in a research report on Tuesday, August 23rd. Barclays PLC reiterated an “underweight” rating and issued a GBX 550 ($6.87) price objective on shares of Anglo American plc in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,150 ($14.37) price objective on shares of Anglo American plc in a research report on Wednesday, October 5th. Macquarie reiterated a “neutral” rating and issued a GBX 815 ($10.18) price objective on shares of Anglo American plc in a research report on Tuesday, October 18th. Finally, Citigroup Inc. reiterated a “sell” rating and issued a GBX 830 ($10.37) price objective on shares of Anglo American plc in a research report on Friday, October 14th. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 869.62 ($10.86).

Shares of Anglo American plc (LON:AAL) traded down 1.4753% on Wednesday, hitting GBX 1234.9807. 4,960,472 shares of the company were exchanged. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 1,270.50. The firm’s 50-day moving average is GBX 1,103.96 and its 200-day moving average is GBX 853.19. The stock’s market capitalization is GBX 15.93 billion.

In other Anglo American plc news, insider Mphu Ramatlapeng bought 290 shares of Anglo American plc stock in a transaction on Wednesday, September 28th. The shares were bought at an average cost of GBX 937 ($11.71) per share, for a total transaction of £2,717.30 ($3,394.93).

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