HSBC Holdings plc Trims Anglo American plc (AAL) Target Price to GBX 1,410

Anglo American plc (LON:AAL) had its price objective cut by HSBC Holdings plc from GBX 1,500 ($19.36) to GBX 1,410 ($18.20) in a research report report published on Wednesday, April 19th. They currently have a buy rating on the mining company’s stock.

Several other brokerages also recently commented on AAL. Liberum Capital reissued a sell rating on shares of Anglo American plc in a report on Monday, March 13th. BNP Paribas restated a neutral rating and issued a GBX 1,270 ($16.39) price objective on shares of Anglo American plc in a research report on Tuesday, March 28th. Citigroup Inc restated a neutral rating and issued a GBX 1,400 ($18.07) price objective on shares of Anglo American plc in a research report on Monday, April 3rd. Jefferies Group LLC dropped their price objective on shares of Anglo American plc from GBX 1,400 ($18.07) to GBX 1,300 ($16.78) and set a hold rating for the company in a research report on Tuesday, April 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Anglo American plc from GBX 1,370 ($17.68) to GBX 1,470 ($18.98) and gave the stock an overweight rating in a research report on Wednesday, February 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Anglo American plc has a consensus rating of Hold and a consensus price target of GBX 1,278.33 ($16.50).

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In other news, insider Philip R. Hampton bought 727 shares of the company’s stock in a transaction dated Friday, March 24th. The shares were bought at an average cost of GBX 1,264 ($16.32) per share, with a total value of £9,189.28 ($11,861.73). Also, insider John Parker sold 62,696 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of GBX 1,107 ($14.29), for a total transaction of £694,044.72 ($895,888.37). Over the last 90 days, insiders have bought 754 shares of company stock valued at $950,206.

About Anglo American plc

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.

12 Month Chart for LON:AAL

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