Anglo American (AAL) Price Target Raised to GBX 2,350
Anglo American (LON:AAL) had its price target boosted by investment analysts at Royal Bank of Canada from GBX 2,250 ($29.40) to GBX 2,350 ($30.71) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “top pick” rating on the mining company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 21.51% from the company’s current price.
A number of other equities research analysts have also recently weighed in on AAL. Citigroup reiterated a “buy” rating and set a GBX 2,300 ($30.05) price target on shares of Anglo American in a research report on Thursday, May 16th. Societe Generale upgraded shares of Anglo American to a “buy” rating in a research report on Thursday. Morgan Stanley reiterated an “overweight” rating and set a GBX 2,280 ($29.79) price target on shares of Anglo American in a research report on Thursday, May 16th. UBS Group reiterated a “sell” rating on shares of Anglo American in a research report on Wednesday, May 8th. Finally, Credit Suisse Group lifted their price target on shares of Anglo American from GBX 2,350 ($30.71) to GBX 2,710 ($35.41) and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 2,119.33 ($27.69).
Shares of AAL opened at GBX 1,934 ($25.27) on Friday. 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 stock has a market cap of $24.06 billion and a price-to-earnings ratio of 7.06. The company has a quick ratio of 1.25, a current ratio of 1.95 and a debt-to-equity ratio of 30.44.
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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