Anglo American plc (LON:AAL) Price Target Raised to GBX 1,250 at Jefferies Group LLC

Anglo American plc (LON:AAL) had its price objective hoisted by Jefferies Group LLC from GBX 1,000 ($13.19) to GBX 1,250 ($16.49) in a research note published on Friday, July 28th, Marketbeat.com reports. The brokerage currently has a hold rating on the mining company’s stock.

A number of other brokerages have also recently commented on AAL. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 1,500 ($19.79) target price on shares of Anglo American plc in a report on Wednesday, April 5th. Liberum Capital reiterated a sell rating and issued a GBX 750 ($9.89) price objective on shares of Anglo American plc in a research report on Tuesday, April 11th. Citigroup Inc. reiterated a neutral rating and issued a GBX 1,400 ($18.47) price objective on shares of Anglo American plc in a research report on Monday, April 3rd. Barclays PLC lowered their price objective on shares of Anglo American plc from GBX 1,220 ($16.09) to GBX 1,165 ($15.37) and set an equal weight rating on the stock in a research report on Friday, April 21st. Finally, Credit Suisse Group decreased their target price on shares of Anglo American plc from GBX 1,400 ($18.47) to GBX 1,190 ($15.70) and set a neutral rating on the stock in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 1,281.56 ($16.90).

Anglo American plc (LON AAL) traded up 3.11% during mid-day trading on Friday, hitting GBX 1310.00. 4,933,997 shares of the stock traded hands. The stock’s market cap is GBX 16.94 billion. The company has a 50 day moving average of GBX 1,081.64 and a 200-day moving average of GBX 1,170.50. Anglo American plc has a 12-month low of GBX 725.60 and a 12-month high of GBX 1,529.01.

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The company also recently announced a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be paid a $0.48 dividend. This represents a yield of 2.98%. The ex-dividend date is Thursday, August 10th.

In other news, insider Mphu Ramatlapeng bought 283 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of GBX 982 ($12.95) per share, with a total value of £2,779.06 ($3,665.82). Also, insider John Parker bought 62,696 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of GBX 1,057 ($13.94) per share, with a total value of £662,696.72 ($874,154.76). Insiders purchased a total of 63,007 shares of company stock valued at $66,578,196 in the last three months.

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.