Barclays PLC restated their equal weight rating on shares of Anglo American plc (LON:AAL) in a research note published on Wednesday morning. They currently have a GBX 1,240 ($15.47) price objective on the mining company’s stock.
Other equities research analysts also recently issued reports about the stock. Canaccord Genuity increased their price objective on shares of Anglo American plc from GBX 980 ($12.23) to GBX 1,080 ($13.48) and gave the company a buy rating in a research report on Thursday, September 29th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 1,400 ($17.47) price objective on shares of Anglo American plc in a research report on Wednesday, November 16th. HSBC Holdings plc raised shares of Anglo American plc to a buy rating and increased their price objective for the company from GBX 1,100 ($13.73) to GBX 1,470 ($18.35) in a research report on Tuesday, January 17th. Deutsche Bank AG reissued a hold rating and issued a GBX 965 ($12.04) price objective (up from GBX 940 ($11.73)) on shares of Anglo American plc in a research report on Tuesday, October 25th. Finally, Jefferies Group LLC raised shares of Anglo American plc to a hold rating and increased their price objective for the company from GBX 850 ($10.61) to GBX 1,150 ($14.35) in a research report on Thursday, November 10th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 1,022.25 ($12.76).
Shares of Anglo American plc (LON:AAL) opened at 1347.00 on Wednesday. The stock’s 50 day moving average is GBX 1,220.99 and its 200 day moving average is GBX 1,031.69. Anglo American plc has a 1-year low of GBX 244.70 and a 1-year high of GBX 1,529.01. The firm’s market capitalization is GBX 17.38 billion.
In other Anglo American plc news, insider Philip R. Hampton bought 807 shares of the company’s stock in a transaction on Thursday, December 22nd. The stock was purchased at an average cost of GBX 1,138 ($14.20) per share, for a total transaction of £9,183.66 ($11,460.95).
About Anglo American plc
Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company’s segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa.