Anglo American plc’s (AAL) Overweight Rating Reaffirmed at JPMorgan Chase & Co.
Anglo American plc (LON:AAL)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a GBX 1,150 ($15.01) target price on the mining company’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 12.63% from the company’s previous close.
Several other research firms have also recently weighed in on AAL. Barclays PLC reiterated an “equal weight” rating and issued a GBX 845 ($11.03) price objective on shares of Anglo American plc in a report on Wednesday. Macquarie reiterated a “neutral” rating and issued a GBX 815 ($10.64) price objective on shares of Anglo American plc in a report on Wednesday. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 950 ($12.40) price objective on shares of Anglo American plc in a report on Sunday, September 25th. Canaccord Genuity increased their price objective on Anglo American plc from GBX 980 ($12.79) to GBX 1,080 ($14.10) and gave the stock a “buy” rating in a report on Thursday, September 29th. Finally, Jefferies Group reiterated an “underperform” rating and issued a GBX 750 ($9.79) price objective on shares of Anglo American plc in a report on Tuesday, September 20th. Eleven analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 660.74 ($8.62).
Shares of Anglo American plc (LON:AAL) traded up 2.26% on Wednesday, hitting GBX 1021.00. The company had a trading volume of 8,088,827 shares. The stock’s market capitalization is GBX 13.17 billion. The firm’s 50 day moving average price is GBX 878.64 and its 200-day moving average price is GBX 736.81. Anglo American plc has a 52 week low of GBX 215.55 and a 52 week high of GBX 1,048.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/anglo-american-plcs-aal-overweight-rating-reaffirmed-at-jpmorgan-chase-co-2.html
In related news, insider Mphu Ramatlapeng bought 290 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average cost of GBX 937 ($12.23) per share, for a total transaction of £2,717.30 ($3,546.93).
About Anglo American plc
Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.
Receive News & Ratings for Anglo American plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American plc and related companies with MarketBeat.com's FREE daily email newsletter.