JPMorgan Chase & Co. Issues Positive Forecast for Anglo American (LON:AAL) Stock Price

Anglo American (LON:AAL) had its price target hoisted by JPMorgan Chase & Co. from GBX 3,160 to GBX 3,350 in a research report report published on Friday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an underweight rating on the mining company’s stock.

A number of other research firms also recently commented on AAL. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,000 target price on shares of Anglo American in a report on Tuesday, June 9th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 4,200 price target on shares of Anglo American in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 3,681.25.

Anglo American Price Performance

Shares of LON AAL opened at GBX 3,588.85 on Friday. The company has a debt-to-equity ratio of 86.09, a quick ratio of 1.27 and a current ratio of 1.98. Anglo American has a one year low of GBX 2,042 and a one year high of GBX 4,239. The firm has a market capitalization of £38.45 billion, a P/E ratio of -10.88, a PEG ratio of 2.05 and a beta of 0.97. The company’s fifty day moving average is GBX 3,837.71 and its two-hundred day moving average is GBX 3,526.27.

Insider Buying and Selling at Anglo American

In related news, insider Magali Anderson acquired 213 shares of Anglo American stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of GBX 3,725 per share, for a total transaction of £7,934.25. Also, insider Nonkululeko Nyembezi acquired 194 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of GBX 3,725 per share, for a total transaction of £7,226.50. In the last 90 days, insiders have purchased 912 shares of company stock worth $3,399,635. 0.43% of the stock is owned by insiders.

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.