Anglo American (LON:AAL) Rating Reaffirmed
In an analyst note revealed to clients on Monday morning, The “Outperform” rating of Anglo American (LON:AAL) shares was reiterated by Bernstein, who now has a GBX 2050 Estimated Target Price on the stock. Bernstein’s Estimated Target Price may imply a possible upside of 423.83% from the closing share price of the company.
From a total of 25 analysts covering Anglo American PLC (LON:AAL) stock, 6 rate it a ”Buy”, 8 a “Sell”, and 11 a ”Hold”. This means that 24% of the ratings are positive. The highest target price is GBX 2050 while the lowest target price is GBX 390. The mean of all analyst targets is GBX 740.48 with a 87.16% above today’s (GBX 395.65) stock price. Anglo American PLC was the topic of 121 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 26 with “Buy” rating. Macquarie Research maintained shares with “Neutral” rating and GBX 740 target share price in a report from a November 23. HSBC downgraded AAL stock in a recent report from November 25 to “Reduce” rating. Deutsche Bank maintained the rating on November 23. Deutsche Bank has a “Buy” rating and a GBX 1070 price target on shares. Finally, Bernstein maintained the stock with “Outperform” rating in a report issued on a November 23.
Approximately 3.47M shares of stock traded hands. Anglo American plc (LON:AAL) has declined 65.65% since May 1, 2015 and is downtrending. It has underperformed by 64.76% the S&P500.
Anglo American PLC is a mining company. The company has a market cap of 5.55 billion GBP. The Company’s divisions include Iron Ore and Manganese, which includes iron ore, manganese ore and alloys; Coal, which includes metallurgical coal and thermal coal; Copper, which includes copper; Nickel, which includes nickel; Niobium, which includes niobium; Phosphates, which includes phosphates; Platinum, which includes platinum group metals, and De Beers, which includes rough and polished diamonds. It currently has negative earnings. The Company’s portfolio offers bulk commodities and base metals to precious metals and diamonds (through De Beers).
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