Anglo American plc’s (AAL) “Neutral” Rating Reiterated at Macquarie

Macquarie restated their neutral rating on shares of Anglo American plc (LON:AAL) in a research report released on Thursday morning. Macquarie currently has a GBX 1,250 ($15.44) price objective on the mining company’s stock.

Several other brokerages have also recently weighed in on AAL. Liberum Capital restated a sell rating on shares of Anglo American plc in a report on Monday, March 13th. JPMorgan Chase & Co. increased their target price on Anglo American plc from GBX 1,370 ($16.92) to GBX 1,470 ($18.15) and gave the company an overweight rating in a report on Wednesday, February 8th. HSBC Holdings plc upgraded Anglo American plc to a buy rating and increased their target price for the company from GBX 1,100 ($13.59) to GBX 1,470 ($18.15) in a report on Tuesday, January 17th. Haitong Bank increased their target price on Anglo American plc from GBX 1,240 ($15.31) to GBX 1,400 ($17.29) and gave the company a neutral rating in a report on Friday, February 10th. Finally, BNP Paribas upgraded Anglo American plc to a neutral rating and set a GBX 1,250 ($15.44) target price for the company in a report on Thursday, December 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 1,322.19 ($16.33).

Shares of Anglo American plc (LON:AAL) opened at 1281.00 on Thursday. The company has a 50 day moving average of GBX 1,295.97 and a 200-day moving average of GBX 1,149.77. Anglo American plc has a 12-month low of GBX 469.65 and a 12-month high of GBX 1,529.01. The firm’s market cap is GBX 16.32 billion.

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In other news, insider Tony O’Neill sold 3,983 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of GBX 1,156 ($14.28), for a total value of £46,043.48 ($56,864.86). Also, insider Philip R. Hampton bought 807 shares of the firm’s stock in a transaction dated Thursday, December 22nd. The stock was purchased at an average cost of GBX 1,138 ($14.05) per share, with a total value of £9,183.66 ($11,342.05).

Anglo American plc Company Profile

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.

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