JPMorgan Chase & Co. Raises Anglo American plc (AAL) Price Target to GBX 1,150
Anglo American plc (LON:AAL) had its price objective raised by JPMorgan Chase & Co. from GBX 1,100 ($14.36) to GBX 1,150 ($15.01) in a research note released on Thursday morning. They currently have an overweight rating on the mining company’s stock.
Several other equities analysts also recently issued reports on AAL. Liberum Capital restated a sell rating and set a GBX 400 ($5.22) price objective on shares of Anglo American plc in a report on Tuesday, July 26th. Haitong Bank restated a neutral rating and set a GBX 658 ($8.59) price objective on shares of Anglo American plc in a report on Tuesday, July 26th. Credit Suisse Group AG restated a neutral rating and set a GBX 500 ($6.53) price objective on shares of Anglo American plc in a report on Tuesday, May 24th. Goldman Sachs Group Inc. upped their price objective on shares of Anglo American plc from GBX 250 ($3.26) to GBX 400 ($5.22) and gave the company a sell rating in a report on Tuesday, June 28th. Finally, Barclays PLC restated an underweight rating and set a GBX 550 ($7.18) price objective on shares of Anglo American plc in a report on Wednesday, September 7th. Twelve research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 655.92 ($8.56).
Anglo American plc (LON:AAL) opened at 868.00 on Thursday. The stock’s market cap is GBX 11.20 billion. The stock has a 50 day moving average of GBX 843.50 and a 200 day moving average of GBX 699.50. Anglo American plc has a 12-month low of GBX 215.55 and a 12-month high of GBX 910.00.
In other Anglo American plc news, insider Hampton,Philip R bought 1,178 shares of Anglo American plc stock in a transaction that occurred on Friday, June 24th. The shares were purchased at an average cost of GBX 673 ($8.78) per share, for a total transaction of £7,927.94 ($10,348.44).
About Anglo American plc
Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.
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