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 report published on Wednesday. The firm currently has a GBX 1,280 ($15.99) price target on the mining company’s stock.
Several other equities analysts have also weighed in on AAL. Barclays PLC reaffirmed an equal weight rating and issued a GBX 975 ($12.18) price objective on shares of Anglo American plc in a research note on Wednesday, November 2nd. Liberum Capital reissued a sell rating and set a GBX 400 ($5.00) price target on shares of Anglo American plc in a research report on Tuesday, July 26th. Macquarie reissued a neutral rating and set a GBX 1,175 ($14.68) price target on shares of Anglo American plc in a research report on Monday. Haitong Bank reissued a neutral rating and set a GBX 658 ($8.22) price target on shares of Anglo American plc in a research report on Tuesday, July 26th. Finally, HSBC lowered their price target on Anglo American plc from GBX 1,150 ($14.37) to GBX 1,100 ($13.74) and set a hold rating on the stock in a research report on Thursday, November 10th. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 841.68 ($10.52).
Shares of Anglo American plc (LON:AAL) traded up 2.97% during trading on Wednesday, reaching GBX 1126.50. 6,254,974 shares of the company’s stock traded hands. Anglo American plc has a 1-year low of GBX 215.55 and a 1-year high of GBX 1,270.50. The stock’s market capitalization is GBX 15796.22 billion. The company has a 50 day moving average price of GBX 1,063.62 and a 200 day moving average price of GBX 830.68.
In related news, insider Mphu Ramatlapeng bought 290 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were acquired at an average price of GBX 937 ($11.71) per share, with a total value of £2,717.30 ($3,394.93).
Anglo American plc Company Profile
Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company’s segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa.
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