Citigroup Reiterates Neutral Rating for Anglo American (AAL)

Anglo American (LON:AAL)‘s stock had its “neutral” rating restated by stock analysts at Citigroup in a research note issued on Friday.

Several other equities analysts also recently commented on AAL. JPMorgan Chase reiterated an “overweight” rating and issued a GBX 1,640 ($23.02) price objective on shares of Anglo American in a report on Wednesday, December 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,950 ($27.37) price objective on shares of Anglo American in a report on Thursday, December 21st. Credit Suisse Group upped their price objective on shares of Anglo American from GBX 1,550 ($21.76) to GBX 1,580 ($22.18) and gave the company a “neutral” rating in a report on Tuesday, January 2nd. Jefferies Group upgraded shares of Anglo American to a “buy” rating and upped their price objective for the company from GBX 1,500 ($21.06) to GBX 2,000 ($28.07) in a report on Friday, January 5th. Finally, Barclays upped their price objective on shares of Anglo American from GBX 1,270 ($17.83) to GBX 1,550 ($21.76) and gave the company an “equal weight” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,737.81 ($24.39).

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LON:AAL opened at GBX 1,618.40 ($22.72) on Friday. Anglo American has a one year low of GBX 950.10 ($13.34) and a one year high of GBX 1,870 ($26.25).

In related news, insider Mark Cutifani sold 109,134 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of GBX 1,693 ($23.76), for a total value of £1,847,638.62 ($2,593,541.02).

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About Anglo American

Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and nickel; and iron and manganese ores, as well as alloys.

Analyst Recommendations for Anglo American (LON:AAL)

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