Morgan Stanley Reaffirms “Overweight” Rating for Anglo American (AAL)
Morgan Stanley reaffirmed their overweight rating on shares of Anglo American (LON:AAL) in a research report report published on Thursday, Digital Look reports. The firm currently has a GBX 2,280 ($29.79) target price on the mining company’s stock.
A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Anglo American from GBX 2,210 ($28.88) to GBX 2,270 ($29.66) and gave the stock an overweight rating in a research report on Thursday, January 31st. HSBC dropped their target price on shares of Anglo American from GBX 2,120 ($27.70) to GBX 2,100 ($27.44) and set a buy rating for the company in a research report on Monday, February 4th. Redburn Partners lowered shares of Anglo American to a sell rating in a research report on Thursday, February 7th. Societe Generale lowered shares of Anglo American to a hold rating in a research report on Wednesday, January 16th. Finally, Goldman Sachs Group dropped their target price on shares of Anglo American from GBX 2,250 ($29.40) to GBX 2,200 ($28.75) and set a conviction-buy rating for the company in a research report on Friday, January 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Anglo American currently has an average rating of Hold and a consensus price target of GBX 2,112.67 ($27.61).
Shares of LON:AAL opened at GBX 1,948.40 ($25.46) on Thursday. The company has a debt-to-equity ratio of 30.44, a current ratio of 1.95 and a quick ratio of 1.25. 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). The firm has a market cap of $24.87 billion and a P/E ratio of 7.11.
In other Anglo American news, insider Stuart J. Chambers acquired 473 shares of the stock in a transaction on Thursday, March 28th. The stock was acquired at an average price of GBX 2,001 ($26.15) per share, for a total transaction of £9,464.73 ($12,367.35). Also, insider Stephen Pearce sold 45,952 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of GBX 2,010 ($26.26), for a total transaction of £923,635.20 ($1,206,892.98). Insiders have acquired 1,428 shares of company stock valued at $2,967,284 in the last quarter.
About Anglo American
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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