Anglo American (AAL) Given “Overweight” Rating at J P Morgan Chase & Co
J P Morgan Chase & Co reissued their overweight rating on shares of Anglo American (LON:AAL) in a research report released on Wednesday morning. They currently have a GBX 1,640 ($22.07) target price on the mining company’s stock.
AAL has been the topic of several other reports. Jefferies Group upped their price target on shares of Anglo American from GBX 1,250 ($16.82) to GBX 1,500 ($20.19) and gave the company a hold rating in a report on Thursday, August 31st. Macquarie reaffirmed a neutral rating and issued a GBX 1,330 ($17.90) price target on shares of Anglo American in a report on Wednesday, October 18th. Royal Bank of Canada upped their price target on shares of Anglo American from GBX 1,700 ($22.88) to GBX 1,950 ($26.24) and gave the company an outperform rating in a report on Monday, December 4th. Deutsche Bank reaffirmed a hold rating on shares of Anglo American in a report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a GBX 1,550 ($20.86) price target on shares of Anglo American in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 1,413.82 ($19.03).
Anglo American (AAL) traded up GBX 4.29 ($0.06) during trading hours on Wednesday, reaching GBX 1,388.50 ($18.69). 6,359,301 shares of the company’s stock traded hands, compared to its average volume of 5,050,000. Anglo American has a one year low of GBX 950.10 ($12.79) and a one year high of GBX 1,534.50 ($20.65).
In other news, insider Philip R. Hampton acquired 725 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was acquired at an average price of GBX 1,289 ($17.35) per share, for a total transaction of £9,345.25 ($12,577.73). In the last quarter, insiders acquired 745 shares of company stock valued at $964,405.
Anglo American Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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