Societe Generale Raises Anglo American plc (AAL) Price Target to GBX 1,650

Anglo American plc (LON:AAL) had its price objective upped by Societe Generale from GBX 1,550 ($20.39) to GBX 1,650 ($21.70) in a research report report published on Thursday morning. They currently have a buy rating on the mining company’s stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity reissued a buy rating and set a GBX 1,650 ($21.70) target price on shares of Anglo American plc in a research note on Friday, July 21st. HSBC Holdings plc reissued a buy rating and set a GBX 1,250 ($16.44) target price on shares of Anglo American plc in a research note on Friday, July 21st. Investec reissued a buy rating and set a GBX 1,385 ($18.22) target price on shares of Anglo American plc in a research note on Tuesday, July 25th. Barclays PLC cut their target price on shares of Anglo American plc from GBX 1,165 ($15.32) to GBX 1,130 ($14.86) and set an equal weight rating for the company in a research note on Friday, July 14th. Finally, Deutsche Bank AG reissued a hold rating and set a GBX 1,000 ($13.15) target price on shares of Anglo American plc in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 1,390.29 ($18.29).

Anglo American plc (LON AAL) traded up GBX 1 ($0.01) during mid-day trading on Thursday, hitting GBX 1,485 ($19.53). 4,260,598 shares of the stock were exchanged, compared to its average volume of 5,090,000. Anglo American plc has a twelve month low of GBX 950.10 ($12.50) and a twelve month high of GBX 1,534.50 ($20.18).

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In related news, insider Philip R. Hampton acquired 725 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were purchased at an average cost of GBX 1,289 ($16.95) per share, for a total transaction of £9,345.25 ($12,291.53). Over the last 90 days, insiders bought 759 shares of company stock worth $980,473.

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.

Analyst Recommendations for Anglo American plc (LON:AAL)

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