Anglo American (AAL) Receives “Overweight” Rating from J P Morgan Chase & Co
Anglo American (LON:AAL)‘s stock had its “overweight” rating reiterated by equities research analysts at J P Morgan Chase & Co in a report released on Wednesday.
A number of other equities research analysts also recently issued reports on the company. Liberum Capital restated a “sell” rating and set a GBX 750 ($10.09) price objective on shares of Anglo American in a research report on Wednesday, August 30th. Credit Suisse Group restated a “neutral” rating and set a GBX 1,550 ($20.86) price objective on shares of Anglo American in a research report on Wednesday, November 15th. Deutsche Bank upped their price objective on Anglo American from GBX 1,270 ($17.09) to GBX 1,300 ($17.50) and gave the company a “sell” rating in a research report on Friday, October 13th. Canaccord Genuity restated a “buy” rating and set a GBX 1,560 ($21.00) price objective on shares of Anglo American in a research report on Tuesday, October 24th. Finally, Jefferies Group upped their target price on Anglo American from GBX 1,250 ($16.82) to GBX 1,500 ($20.19) and gave the company a “hold” rating in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,413.82 ($19.03).
Shares of Anglo American (LON AAL) opened at GBX 1,364 ($18.36) on Wednesday. Anglo American has a 52-week low of GBX 950.10 ($12.79) and a 52-week high of GBX 1,534.50 ($20.65).
Anglo American 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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