Deutsche Bank Increases Anglo American (AAL) Price Target to GBX 2,450

Anglo American (LON:AAL) had its target price increased by stock analysts at Deutsche Bank from GBX 2,400 ($31.36) to GBX 2,450 ($32.01) in a research report issued on Wednesday, April 10th, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the mining company’s stock. Deutsche Bank’s target price would indicate a potential upside of 23.69% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,300 ($30.05) price target (up previously from GBX 2,250 ($29.40)) on shares of Anglo American in a report on Monday, April 8th. Goldman Sachs Group reduced their target price on 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 report on Friday, January 18th. HSBC increased their target price on Anglo American from GBX 2,100 ($27.44) to GBX 2,120 ($27.70) and gave the company a “buy” rating in a report on Friday, January 25th. Liberum Capital reissued a “sell” rating on shares of Anglo American in a report on Tuesday, January 15th. Finally, Barclays increased their target price on Anglo American from GBX 1,800 ($23.52) to GBX 2,000 ($26.13) and gave the company a “hold” rating in a report on Friday, February 22nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Anglo American currently has a consensus rating of “Hold” and a consensus target price of GBX 2,036.88 ($26.62).

LON AAL traded up GBX 45.20 ($0.59) during trading hours on Wednesday, reaching GBX 1,980.80 ($25.88). The company’s stock had a trading volume of 4,644,846 shares, compared to its average volume of 6,120,000. The stock has a market capitalization of $25.07 billion and a price-to-earnings ratio of 7.23. Anglo American has a 1-year low of GBX 1,433.80 ($18.74) and a 1-year high of GBX 2,229.50 ($29.13). The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 30.44.

In other Anglo American news, insider Stuart J. Chambers acquired 473 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of GBX 2,001 ($26.15) per share, for a total transaction of £9,464.73 ($12,367.35). Also, insider Marcelo Bastos acquired 940 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was acquired at an average price of GBX 2,119 ($27.69) per share, with a total value of £19,918.60 ($26,027.18). Insiders purchased 1,420 shares of company stock valued at $2,952,116 over 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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Analyst Recommendations for Anglo American (LON:AAL)

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