This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Should you buy Anglo American shares?
Anglo American (AAL); Miners
Consensus roundup
The speed and magnitude of the rebound in Anglo American shares thus far in 2016 has been seen as potentially overdone by those brokers covering the stock. Current consensus has an average target price of 487p, some 25% below current levels with 18 out of 25 brokers agreeing that shares are now overvalued. Note, however, Bernstein’s extremely bullish call on 5 May valuing shares at 1010p – some 53% above the current share price – while even Barclays can’t bring itself to explicitly say ‘sell!’
Most Bullish: Bernstein, Buy, Target 1010p (+53%)
Consensus: Target: 487p (-26%)
Most Bearish: Barclays, Underweight, Target 225p (-66%)
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Prepared by Michael van Dulken, Head of Research
