Anglo American plc’s (AAL) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their overweight rating on shares of Anglo American plc (LON:AAL) in a research report released on Wednesday. JPMorgan Chase & Co. currently has a GBX 1,150 ($15.01) price target on the mining company’s stock.
A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity upgraded shares of Anglo American plc to a buy rating and boosted their target price for the company from GBX 620 ($8.09) to GBX 980 ($12.79) in a research note on Tuesday, August 2nd. Barclays PLC upgraded shares of Anglo American plc to an equal weight rating and boosted their target price for the company from GBX 550 ($7.18) to GBX 845 ($11.03) in a research note on Wednesday, September 21st. HSBC boosted their target price on shares of Anglo American plc from GBX 880 ($11.49) to GBX 930 ($12.14) and gave the company a hold rating in a research note on Monday, August 1st. Credit Suisse Group AG boosted their target price on shares of Anglo American plc from GBX 500 ($6.53) to GBX 630 ($8.22) and gave the company a neutral rating in a research note on Tuesday, June 28th. Finally, Haitong Bank upgraded shares of Anglo American plc to a neutral rating and boosted their target price for the company from GBX 343 ($4.48) to GBX 658 ($8.59) in a research note on Thursday, June 30th. Eleven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 674.04 ($8.80).
Anglo American plc (LON:AAL) traded down 0.15% during midday trading on Wednesday, reaching GBX 1009.50. The company had a trading volume of 2,744,341 shares. The company’s market capitalization is GBX 13.02 billion. Anglo American plc has a 52 week low of GBX 215.55 and a 52 week high of GBX 1,029.00. The firm has a 50-day moving average price of GBX 871.31 and a 200-day moving average price of GBX 732.94.
In other news, insider Mphu Ramatlapeng acquired 290 shares of Anglo American plc stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average cost of GBX 937 ($12.23) per share, with a total value of £2,717.30 ($3,546.93).
Anglo American plc Company Profile
Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.
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