Anglo American plc (AAL) Receives Overweight Rating from J P Morgan Chase & Co
Anglo American plc (LON:AAL)‘s stock had its “overweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a research report issued on Friday. They currently have a GBX 1,600 ($20.77) target price on the mining company’s stock. J P Morgan Chase & Co’s price objective points to a potential upside of 20.48% from the company’s current price.
Other equities analysts have also issued research reports about the company. Macquarie restated a “neutral” rating and set a GBX 1,175 ($15.25) price objective on shares of Anglo American plc in a research note on Tuesday, May 16th. Jefferies Group LLC restated a “hold” rating and set a GBX 1,300 ($16.88) price objective on shares of Anglo American plc in a research note on Monday, May 15th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,700 ($22.07) price objective on shares of Anglo American plc in a research note on Wednesday, August 9th. Deutsche Bank AG lowered their price objective on Anglo American plc from GBX 1,350 ($17.53) to GBX 1,100 ($14.28) and set a “hold” rating on the stock in a research note on Thursday, May 4th. Finally, Liberum Capital restated a “sell” rating and set a GBX 750 ($9.74) price objective on shares of Anglo American plc in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,281.56 ($16.64).
Anglo American plc (AAL) opened at 1341.00 on Friday. The company’s 50-day moving average price is GBX 1,200.82 and its 200 day moving average price is GBX 1,165.11. The company’s market capitalization is GBX 17.34 billion. Anglo American plc has a 52 week low of GBX 765.10 and a 52 week high of GBX 1,529.01.
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In other news, insider Mphu Ramatlapeng acquired 283 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of GBX 982 ($12.75) per share, with a total value of £2,779.06 ($3,607.76). Also, insider John Parker acquired 62,696 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of GBX 1,057 ($13.72) per share, for a total transaction of £662,696.72 ($860,309.91). In the last three months, insiders have purchased 63,019 shares of company stock worth $66,593,184.
Anglo American plc Company Profile
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.
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