Anglo American plc (LON:AAL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Anglo American plc (LON:AAL) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 3,657.50.

AAL has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Anglo American from GBX 2,780 to GBX 3,160 and gave the stock an “underweight” rating in a report on Tuesday, May 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 5,000 target price on shares of Anglo American in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 4,200 price target on shares of Anglo American in a research note on Thursday, June 18th.

Insiders Place Their Bets

In other Anglo American news, insider Magali Anderson bought 213 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of GBX 3,725 per share, with a total value of £7,934.25. Also, insider Stuart J. Chambers bought 487 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 3,725 per share, with a total value of £18,140.75. Over the last quarter, insiders have acquired 912 shares of company stock worth $3,399,635. 0.37% of the stock is currently owned by company insiders.

Anglo American Trading Down 0.7%

AAL opened at GBX 3,674.55 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 86.09. Anglo American has a 52 week low of GBX 2,042 and a 52 week high of GBX 4,239. The stock has a market cap of £39.37 billion, a PE ratio of -11.14, a PEG ratio of 2.05 and a beta of 0.98. The business has a 50 day moving average of GBX 3,829.16 and a 200-day moving average of GBX 3,470.71.

Anglo American Company Profile

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.