Anglo American’s (AAL) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

Anglo American (LON:AAL)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Wednesday, Digital Look reports.

Several other research analysts also recently commented on the company. Credit Suisse Group lifted their target price on Anglo American from GBX 2,350 ($30.71) to GBX 2,710 ($35.41) and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 2,280 ($29.79) target price on shares of Anglo American in a report on Wednesday, May 8th. UBS Group reaffirmed a “sell” rating on shares of Anglo American in a report on Wednesday, May 8th. Barclays reaffirmed an “equal weight” rating on shares of Anglo American in a report on Wednesday, May 8th. Finally, HSBC cut their target price on Anglo American from GBX 2,340 ($30.58) to GBX 2,320 ($30.31) and set a “hold” rating on the stock in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 2,092.67 ($27.34).

AAL stock traded up GBX 3.80 ($0.05) during midday trading on Wednesday, reaching GBX 1,914 ($25.01). 3,341,869 shares of the stock were exchanged, compared to its average volume of 6,120,000. The firm has a market capitalization of $24.23 billion and a P/E ratio of 6.99. Anglo American has a 52 week low of GBX 1,433.80 ($18.74) and a 52 week high of GBX 2,229.50 ($29.13). The company has a quick ratio of 1.25, a current ratio of 1.95 and a debt-to-equity ratio of 30.44.

In other news, insider Stephen Pearce sold 45,952 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of GBX 2,010 ($26.26), for a total value of £923,635.20 ($1,206,892.98). Also, insider Stuart J. Chambers acquired 473 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of GBX 2,001 ($26.15) per share, for a total transaction of £9,464.73 ($12,367.35). Insiders bought a total of 1,420 shares of company stock worth $2,952,116 over the last three months.

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

Analyst Recommendations for Anglo American (LON:AAL)

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