Anglo American plc’s (AAL) Overweight Rating Reiterated at J P Morgan Chase & Co
J P Morgan Chase & Co restated their overweight rating on shares of Anglo American plc (LON:AAL) in a report issued on Wednesday, Marketbeat.com reports. The firm currently has a GBX 1,640 ($21.57) price target on the mining company’s stock.
Several other equities research analysts also recently weighed in on the company. Liberum Capital restated a sell rating and set a GBX 750 ($9.86) price target on shares of Anglo American plc in a report on Wednesday, August 30th. restated a buy rating and set a GBX 1,250 ($16.44) price target on shares of Anglo American plc in a report on Friday, July 21st. Canaccord Genuity restated a buy rating and set a GBX 1,650 ($21.70) price target on shares of Anglo American plc in a report on Friday, July 21st. Deutsche Bank AG restated a hold rating and set a GBX 1,000 ($13.15) price target on shares of Anglo American plc in a report on Friday, July 28th. Finally, Credit Suisse Group restated a neutral rating and set a GBX 1,190 ($15.65) price target on shares of Anglo American plc in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 1,390.29 ($18.29).
Shares of Anglo American plc (LON AAL) opened at GBX 1,434 ($18.86) on Wednesday. Anglo American plc has a 1-year low of GBX 950.10 ($12.50) and a 1-year high of GBX 1,534.50 ($20.18).
In related news, insider Philip R. Hampton acquired 725 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was bought at an average cost of GBX 1,289 ($16.95) per share, with a total value of £9,345.25 ($12,291.53). Insiders have acquired a total of 757 shares of company stock valued at $980,365 over the last ninety days.
About Anglo American plc
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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