Citigroup Reaffirms “Buy” Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “buy” rating reiterated by analysts at Citigroup in a note issued to investors on Wednesday, September 12th.

Other equities research analysts also recently issued reports about the stock. UBS Group reaffirmed a “neutral” rating and issued a GBX 1,650 ($21.56) price target on shares of Anglo American in a research note on Friday, July 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Anglo American in a research note on Friday, June 8th. Liberum Capital reissued a “sell” rating on shares of Anglo American in a research report on Friday, June 8th. Credit Suisse Group boosted their target price on shares of Anglo American from GBX 1,720 ($22.47) to GBX 1,900 ($24.83) and gave the stock a “neutral” rating in a research report on Wednesday, June 27th. Finally, HSBC boosted their target price on shares of Anglo American from GBX 1,790 ($23.39) to GBX 1,960 ($25.61) and gave the stock a “hold” rating in a research report on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,869.69 ($24.43).

AAL stock traded down GBX 22.40 ($0.29) during midday trading on Wednesday, hitting GBX 1,646.80 ($21.52). The stock had a trading volume of 3,694,719 shares, compared to its average volume of 6,120,000. Anglo American has a 1-year low of GBX 950.10 ($12.41) and a 1-year high of GBX 1,870 ($24.43).

In other Anglo American news, insider Tony O’Neill purchased 1,611 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were bought at an average cost of GBX 1,739 ($22.72) per share, for a total transaction of £28,015.29 ($36,606.94). Also, insider Stephen Pearce sold 95,928 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of GBX 1,700 ($22.21), for a total transaction of £1,630,776 ($2,130,897.69). Over the last quarter, insiders acquired 1,630 shares of company stock worth $2,831,705.

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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Analyst Recommendations for Anglo American (LON:AAL)

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