Anglo American plc (LON:AAL) had its target price dropped by HSBC Holdings plc from GBX 1,350 ($17.59) to GBX 1,250 ($16.28) in a research report issued to clients and investors on Friday, July 14th. The brokerage presently has a “buy” rating on the mining company’s stock. HSBC Holdings plc’s price objective points to a potential upside of 1.46% from the company’s previous close.
Other research analysts also recently issued research reports about the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,600 ($20.84) price target on shares of Anglo American plc in a research note on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 1,300 ($16.94) price target on shares of Anglo American plc in a research note on Monday, May 15th. Macquarie reaffirmed a “neutral” rating and set a GBX 1,175 ($15.31) price target on shares of Anglo American plc in a research note on Tuesday, May 16th. Liberum Capital reaffirmed a “sell” rating and set a GBX 750 ($9.77) price target on shares of Anglo American plc in a research note on Tuesday, April 11th. Finally, Citigroup Inc. cut their price target on Anglo American plc from GBX 1,450 ($18.89) to GBX 1,400 ($18.24) and set a “neutral” rating for the company in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Anglo American plc has a consensus rating of “Hold” and a consensus price target of GBX 1,274.38 ($16.60).
Shares of Anglo American plc (LON AAL) traded down 0.12% during midday trading on Friday, hitting GBX 1232.00. 5,295,477 shares of the stock were exchanged. The firm’s market cap is GBX 15.69 billion. The firm has a 50-day moving average price of GBX 1,068.53 and a 200 day moving average price of GBX 1,172.31. Anglo American plc has a 12-month low of GBX 765.10 and a 12-month high of GBX 1,529.01.
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In other news, insider Mphu Ramatlapeng bought 283 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was acquired at an average price of GBX 982 ($12.79) per share, for a total transaction of £2,779.06 ($3,620.45). Also, insider John Parker bought 62,696 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of GBX 1,057 ($13.77) per share, with a total value of £662,696.72 ($863,336.01). Insiders have bought a total of 63,007 shares of company stock valued at $66,578,196 in the last quarter.
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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