Antofagasta plc 13.1% Potential Decrease Indicated by Morgan Stanley

Broker Ratings
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Antofagasta plc with EPIC/TICKER (LON:ANTO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Morgan Stanley. Antofagasta plc are listed in the Basic Materials sector within UK Main Market. Morgan Stanley have set a target price of 790 GBX on its stock. This is indicating the analyst believes there is a potential downside of -13.1% from the opening price of 909 GBX. Over the last 30 and 90 trading days the company share price has increased 111.8 points and increased 182.4 points respectively. The 52 week high for the stock is 993.8 GBX while the year low share price is currently 575 GBX.

Antofagasta plc has a 50 day moving average of 824.64 GBX and a 200 day moving average of 864.96. There are currently 985,856,695 shares in issue with the average daily volume traded being 1,965,635. Market capitalisation for LON:ANTO is £8,771,379,208 GBP.

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    Antofagasta PLC (LON:ANTO) reports resilient H1 2024 results with a 2% revenue increase, 5% EBITDA growth, and significant productivity improvements.

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