Anglo American plc (LON:AAL) Receives GBX 2,765 Average Target Price from Analysts

Anglo American plc (LON:AAL) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 2,765 ($36.36).

Several equities research analysts have commented on the stock. Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($27.61) price target on shares of Anglo American in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their target price on Anglo American from GBX 2,735 ($35.96) to GBX 2,590 ($34.06) and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. Citigroup reissued a “buy” rating and issued a GBX 3,000 ($39.45) price target on shares of Anglo American in a research note on Friday, May 31st. Bank of America restated a “buy” rating and set a GBX 3,100 ($40.76) price objective on shares of Anglo American in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada increased their target price on shares of Anglo American from GBX 2,300 ($30.24) to GBX 3,100 ($40.76) and gave the company an “outperform” rating in a research report on Monday, May 13th.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Stuart J. Chambers bought 694 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average cost of GBX 2,464 ($32.40) per share, with a total value of £17,100.16 ($22,485.42). In the last three months, insiders acquired 706 shares of company stock valued at $1,737,272. 9.94% of the stock is owned by insiders.

Anglo American Trading Down 0.5 %

Shares of LON:AAL opened at GBX 2,097.50 ($27.58) on Monday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 62.94. The company’s 50-day moving average price is GBX 2,295.74 and its 200 day moving average price is GBX 2,255.30. The company has a market cap of £25.38 billion, a PE ratio of -2,036.41, a P/E/G ratio of 2.29 and a beta of 1.14. Anglo American has a fifty-two week low of GBX 1,630 ($21.43) and a fifty-two week high of GBX 2,813 ($36.99).

Anglo American Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Anglo American’s previous dividend of $0.41. This represents a yield of 1.46%. Anglo American’s payout ratio is -6,407.77%.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.