Shares of Anglo American plc (LON:AAL) have received a consensus rating of “Hold” from the twenty brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,099.38 ($27.43).
A number of research analysts have recently issued reports on AAL shares. Barclays reissued an “equal weight” rating and issued a GBX 2,000 ($26.13) price objective on shares of Anglo American in a research note on Tuesday, August 13th. Morgan Stanley reissued an “overweight” rating on shares of Anglo American in a report on Monday, July 15th. Jefferies Financial Group increased their target price on Anglo American from GBX 2,200 ($28.75) to GBX 2,400 ($31.36) and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada restated a “top pick” rating on shares of Anglo American in a research report on Wednesday. Finally, Goldman Sachs Group restated a “buy” rating on shares of Anglo American in a research report on Tuesday, August 13th.
In other news, insider Byron Elmer Grote purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of GBX 2,536 ($33.14) per share, with a total value of £50,720 ($66,274.66). Insiders acquired 3,023 shares of company stock worth $7,329,891 in the last three months.
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 iron; and nickel and manganese ores, as well as alloys.
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