Anglo American plc’s (AAL) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Anglo American plc (LON:AAL) in a research note issued to investors on Wednesday. They currently have a GBX 1,280 ($15.99) price objective on the mining company’s stock.

Other research analysts have also issued reports about the stock. Macquarie reiterated an underperform rating and issued a GBX 500 ($6.25) price objective on shares of Anglo American plc in a research note on Thursday, July 21st. Credit Suisse Group AG lifted their price objective on shares of Anglo American plc from GBX 890 ($11.12) to GBX 950 ($11.87) and gave the company a neutral rating in a research note on Monday, September 19th. Liberum Capital reiterated a sell rating and issued a GBX 440 ($5.50) price objective on shares of Anglo American plc in a research note on Tuesday, October 25th. Barclays PLC reissued an underweight rating and issued a GBX 550 ($6.87) price target on shares of Anglo American plc in a report on Thursday, July 21st. Finally, BNP Paribas reissued an underperform rating on shares of Anglo American plc in a report on Tuesday, July 26th. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Anglo American plc has a consensus rating of Hold and an average price target of GBX 841.68 ($10.52).

Anglo American plc (LON:AAL) traded up 2.97% during mid-day trading on Wednesday, hitting GBX 1126.50. The company had a trading volume of 6,254,974 shares. The company’s 50 day moving average price is GBX 1,063.62 and its 200-day moving average price is GBX 830.68. The firm’s market capitalization is GBX 15796.22 billion. Anglo American plc has a 12-month low of GBX 215.55 and a 12-month high of GBX 1,270.50.

In other news, insider Mphu Ramatlapeng bought 290 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were purchased at an average price of GBX 937 ($11.71) per share, for a total transaction of £2,717.30 ($3,394.93).

About Anglo American plc

Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company’s segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa.

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