Anglo American plc’s (AAL) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of Anglo American plc (LON:AAL) in a research note published on Tuesday. JPMorgan Chase & Co. currently has a GBX 1,280 ($15.99) target price on the mining company’s stock.
Several other equities research analysts have also recently weighed in on AAL. Credit Suisse Group AG restated a neutral rating and set a GBX 700 ($8.75) target price on shares of Anglo American plc in a research note on Tuesday, July 26th. Haitong Bank reiterated a neutral rating and issued a GBX 658 ($8.22) price objective on shares of Anglo American plc in a research note on Tuesday, July 26th. Liberum Capital reiterated a sell rating and issued a GBX 400 ($5.00) price objective on shares of Anglo American plc in a research note on Tuesday, July 26th. BNP Paribas reiterated an underperform rating on shares of Anglo American plc in a research note on Tuesday, July 26th. Finally, Royal Bank Of Canada reiterated a sector performer rating and issued a GBX 800 ($10.00) price objective on shares of Anglo American plc in a research note on Thursday, July 28th. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 841.68 ($10.52).
Anglo American plc (LON:AAL) opened at 1209.8212 on Tuesday. Anglo American plc has a 12 month low of GBX 215.55 and a 12 month high of GBX 1,270.50. The company has a 50 day moving average of GBX 1,084.11 and a 200 day moving average of GBX 843.60. The stock’s market capitalization is GBX 15.61 billion.
In other news, insider Mphu Ramatlapeng acquired 290 shares of Anglo American plc stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average price of GBX 937 ($11.71) per share, with a total value of £2,717.30 ($3,394.93).
About Anglo American plc
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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