Anglo American (AAL) Rating Increased to Hold at Deutsche Bank

Anglo American (LON:AAL) was upgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Friday. The firm presently has a GBX 1,400 ($18.75) price target on the mining company’s stock, up from their prior price target of GBX 1,300 ($17.41). Deutsche Bank’s target price suggests a potential upside of 1.56% from the stock’s current price.

A number of other brokerages have also recently issued reports on AAL. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,700 ($22.77) target price on shares of Anglo American in a report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,640 ($21.96) price target on shares of Anglo American in a research note on Wednesday, November 15th. reissued a “buy” rating and issued a GBX 1,630 ($21.83) target price on shares of Anglo American in a research note on Wednesday, October 18th. Liberum Capital increased their target price on Anglo American from GBX 750 ($10.04) to GBX 800 ($10.71) and gave the stock a “sell” rating in a research note on Monday. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 1,560 ($20.89) target price on shares of Anglo American in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Anglo American has a consensus rating of “Hold” and an average price target of GBX 1,399.12 ($18.74).

Anglo American (LON:AAL) opened at GBX 1,378.50 ($18.46) on Friday. Anglo American has a 52 week low of GBX 950.10 ($12.72) and a 52 week high of GBX 1,534.50 ($20.55).

In related news, insider Philip R. Hampton bought 725 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were acquired at an average price of GBX 1,289 ($17.26) per share, for a total transaction of £9,345.25 ($12,515.40). In the last 90 days, insiders bought 757 shares of company stock worth $980,365.

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About Anglo American

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 (LON:AAL)

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