Credit Suisse Group Increases Anglo American (AAL) Price Target to GBX 2,710
Anglo American (LON:AAL) had its price target increased by research analysts at Credit Suisse Group from GBX 2,350 ($30.71) to GBX 2,710 ($35.41) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Credit Suisse Group’s target price suggests a potential upside of 41.59% from the stock’s previous close.
AAL has been the topic of several other reports. Redburn Partners cut Anglo American to a “sell” rating in a research report on Thursday, February 7th. Societe Generale cut Anglo American to a “hold” rating in a research report on Wednesday, January 16th. Oddo Securities lifted their price objective on Anglo American from GBX 1,800 ($23.52) to GBX 1,900 ($24.83) and gave the company a “neutral” rating in a research report on Monday, February 25th. UBS Group reaffirmed a “sell” rating on shares of Anglo American in a research report on Friday, April 26th. Finally, HSBC cut their price objective on Anglo American from GBX 2,120 ($27.70) to GBX 2,100 ($27.44) and set a “buy” rating on the stock in a research report on Monday, February 4th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,092.67 ($27.34).
Anglo American stock opened at GBX 1,914 ($25.01) on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 30.44. The company has a market cap of $24.23 billion and a price-to-earnings ratio of 6.99. Anglo American has a fifty-two week low of GBX 1,433.80 ($18.74) and a fifty-two week high of GBX 2,229.50 ($29.13).
Anglo American Company Profile
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.
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