Anglo American (LON:AAL) Earns Buy Rating from Deutsche Bank
Deutsche Bank reaffirmed their buy rating on shares of Anglo American (LON:AAL) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also issued reports on AAL. Credit Suisse Group reaffirmed a neutral rating on shares of Anglo American in a research report on Friday, December 13th. Jefferies Financial Group lifted their target price on Anglo American from GBX 2,200 ($28.94) to GBX 2,400 ($31.57) and gave the stock a buy rating in a research report on Wednesday, October 23rd. HSBC lowered Anglo American to a hold rating and dropped their target price for the stock from GBX 2,350 ($30.91) to GBX 2,300 ($30.26) in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised Anglo American to an overweight rating and lifted their target price for the stock from GBX 2,200 ($28.94) to GBX 2,550 ($33.54) in a research report on Tuesday, December 17th. Finally, Barclays lifted their target price on Anglo American from GBX 1,900 ($24.99) to GBX 2,000 ($26.31) and gave the stock an equal weight rating in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Anglo American has an average rating of Hold and an average price target of GBX 2,203.13 ($28.98).
Shares of LON AAL opened at GBX 0.51 ($0.01) on Friday. Anglo American has a 1 year low of GBX 1,654.80 ($21.77) and a 1 year high of GBX 2,294 ($30.18). The firm has a market cap of $6.92 million and a price-to-earnings ratio of 0.00. The company has a debt-to-equity ratio of 33.15, a quick ratio of 1.55 and a current ratio of 2.30. The stock’s 50-day simple moving average is GBX 2,162.38 and its 200-day simple moving average is GBX 2,003.56.
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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