Anglo American plc (AAL) Rating Reiterated by J P Morgan Chase & Co
Anglo American plc (LON:AAL)‘s stock had its “overweight” rating restated by research analysts at J P Morgan Chase & Co in a report released on Friday. They presently have a GBX 1,600 ($20.77) price objective on the mining company’s stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 19.45% from the company’s previous close.
Several other equities research analysts also recently commented on AAL. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,165 ($15.12) target price on shares of Anglo American plc in a report on Wednesday, May 3rd. Deutsche Bank AG reduced their price objective on Anglo American plc from GBX 1,350 ($17.53) to GBX 1,100 ($14.28) and set a “hold” rating for the company in a research note on Thursday, May 4th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,410 ($18.30) price objective on shares of Anglo American plc in a research note on Thursday, May 4th. Liberum Capital reissued a “sell” rating and issued a GBX 750 ($9.74) price objective on shares of Anglo American plc in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a GBX 1,300 ($16.88) price objective on shares of Anglo American plc in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Anglo American plc presently has a consensus rating of “Hold” and an average price target of GBX 1,281.56 ($16.64).
Shares of Anglo American plc (LON AAL) opened at 1339.50 on Friday. The stock’s market cap is GBX 17.32 billion. Anglo American plc has a 12-month low of GBX 765.10 and a 12-month high of GBX 1,529.01. The stock’s 50 day moving average is GBX 1,212.71 and its 200-day moving average is GBX 1,165.18.
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In related news, insider John Parker acquired 62,696 shares of the stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average price of GBX 1,057 ($13.72) per share, with a total value of £662,696.72 ($860,309.91). Also, insider Mphu Ramatlapeng acquired 283 shares of the stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of GBX 982 ($12.75) per share, for a total transaction of £2,779.06 ($3,607.76). In the last three months, insiders have bought 63,019 shares of company stock worth $66,593,184.
Anglo American plc Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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