Societe Generale upgraded shares of Anglo American (LON:AAL) to a buy rating in a research report released on Thursday morning. The brokerage currently has GBX 1,890 ($24.70) target price on the mining company’s stock, up from their prior target price of GBX 1,750 ($22.87).
Several other equities research analysts also recently issued reports on the company. HSBC increased their price objective on Anglo American from GBX 1,960 ($25.61) to GBX 1,970 ($25.74) and gave the stock a buy rating in a research note on Wednesday. UBS Group reissued a neutral rating on shares of Anglo American in a research note on Wednesday. Royal Bank of Canada reduced their price objective on Anglo American from GBX 1,950 ($25.48) to GBX 1,750 ($22.87) and set an outperform rating for the company in a research note on Tuesday, October 23rd. Deutsche Bank reissued a hold rating on shares of Anglo American in a research note on Monday, October 15th. Finally, Barclays increased their price objective on Anglo American from GBX 1,725 ($22.54) to GBX 1,850 ($24.17) and gave the stock an equal weight rating in a research note on Friday, October 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Anglo American currently has a consensus rating of Buy and a consensus price target of GBX 1,903.57 ($24.87).
Shares of Anglo American stock opened at GBX 1,616.20 ($21.12) on Thursday. Anglo American has a 1 year low of GBX 950.10 ($12.41) and a 1 year high of GBX 1,870 ($24.43).
About Anglo American
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and nickel; and iron and manganese ores, as well as alloys.
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