Anglo American’s (AAL) Overweight Rating Reiterated at JPMorgan Chase
JPMorgan Chase reiterated their overweight rating on shares of Anglo American (LON:AAL) in a research report report published on Wednesday morning. The firm currently has a GBX 1,940 ($27.06) price objective on the mining company’s stock.
Several other research analysts also recently weighed in on the stock. Credit Suisse Group began coverage on shares of Anglo American in a research note on Monday, April 23rd. They issued a neutral rating and a GBX 1,720 ($23.99) target price for the company. HSBC increased their price objective on shares of Anglo American from GBX 1,660 ($23.15) to GBX 1,690 ($23.57) and gave the company a hold rating in a research note on Wednesday, April 18th. Liberum Capital reiterated a sell rating and set a GBX 800 ($11.16) price objective on shares of Anglo American in a research note on Monday, April 9th. Goldman Sachs reiterated a conviction-buy rating and set a GBX 2,300 ($32.08) price objective on shares of Anglo American in a research note on Friday, April 6th. Finally, Citigroup reiterated a neutral rating on shares of Anglo American in a research note on Friday, April 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 1,739.71 ($24.26).
Shares of AAL stock opened at GBX 1,699.20 ($23.70) on Wednesday. Anglo American has a twelve month low of GBX 950.10 ($13.25) and a twelve month high of GBX 1,870 ($26.08).
In other Anglo American news, insider Mark Cutifani sold 109,134 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of GBX 1,693 ($23.61), for a total transaction of £1,847,638.62 ($2,576,901.84).
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 nickel; and iron and manganese ores, as well as alloys.
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