Anglo American plc (LON:AAL) had its price objective reduced by research analysts at J P Morgan Chase & Co from GBX 1,670 ($21.97) to GBX 1,640 ($21.57) in a report issued on Wednesday, October 25th, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the mining company’s stock. J P Morgan Chase & Co’s price objective points to a potential upside of 10.44% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Jefferies Group LLC raised their price objective on Anglo American plc from GBX 1,000 ($13.15) to GBX 1,250 ($16.44) and gave the company a “hold” rating in a report on Friday, July 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,700 ($22.36) price target on shares of Anglo American plc in a research note on Wednesday, August 9th. Deutsche Bank AG cut Anglo American plc to a “sell” rating and lifted their price target for the stock from GBX 1,080 ($14.20) to GBX 1,250 ($16.44) in a research note on Monday, September 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 1,050 ($13.81) price target on shares of Anglo American plc in a research note on Wednesday, July 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 1,190 ($15.65) price target on shares of Anglo American plc in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,390.29 ($18.29).
Shares of Anglo American plc (LON AAL) traded up GBX 1 ($0.01) during midday trading on Wednesday, hitting GBX 1,485 ($19.53). The company had a trading volume of 4,260,598 shares, compared to its average volume of 5,090,000. Anglo American plc has a 52 week low of GBX 950.10 ($12.50) and a 52 week high of GBX 1,534.50 ($20.18).
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In other Anglo American plc news, insider Philip R. Hampton acquired 725 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was purchased at an average price of GBX 1,289 ($16.95) per share, with a total value of £9,345.25 ($12,291.53). In the last 90 days, insiders acquired 759 shares of company stock valued at $980,473.
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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