Anglo American (AAL) Rating Lowered to Hold at HSBC
Anglo American (LON:AAL) was downgraded by HSBC to a “hold” rating in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 2,340 ($30.58) target price on the mining company’s stock, up from their prior target price of GBX 2,200 ($28.75). HSBC’s price objective points to a potential upside of 7.22% from the company’s previous close.
Several other brokerages have also commented on AAL. Deutsche Bank raised their price target on shares of Anglo American from GBX 2,400 ($31.36) to GBX 2,450 ($32.01) and gave the company a “buy” rating in a research note on Wednesday, April 10th. Royal Bank of Canada raised their price target on shares of Anglo American from GBX 2,300 ($30.05) to GBX 2,400 ($31.36) and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Goldman Sachs Group restated a “conviction-buy” rating and issued a GBX 2,700 ($35.28) price target (up previously from GBX 2,250 ($29.40)) on shares of Anglo American in a research note on Thursday, April 11th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 2,300 ($30.05) price objective (up previously from GBX 2,250 ($29.40)) on shares of Anglo American in a research note on Monday, April 8th. Finally, Barclays raised their price objective on shares of Anglo American from GBX 1,875 ($24.50) to GBX 2,000 ($26.13) and gave the company an “equal weight” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,047.50 ($26.75).
Shares of LON:AAL opened at GBX 2,182.50 ($28.52) on Tuesday. 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 market capitalization of $27.40 billion and a price-to-earnings ratio of 7.97. The company has a current ratio of 1.95, a quick ratio of 1.25 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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