Anglo American plc (AAL) Receives “Overweight” Rating from J P Morgan Chase & Co

J P Morgan Chase & Co reissued their overweight rating on shares of Anglo American plc (LON:AAL) in a report released on Wednesday morning. They currently have a GBX 1,480 ($18.86) target price on the mining company’s stock.

Other analysts also recently issued research reports about the stock. HSBC Holdings plc increased their target price on shares of Anglo American plc from GBX 1,470 ($18.73) to GBX 1,500 ($19.11) and gave the company a buy rating in a research report on Wednesday, February 22nd. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Anglo American plc from GBX 1,600 ($20.38) to GBX 1,500 ($19.11) and set a buy rating for the company in a research report on Wednesday, March 15th. Barclays PLC reduced their price objective on shares of Anglo American plc from GBX 1,240 ($15.80) to GBX 1,220 ($15.54) and set an equal weight rating for the company in a research report on Friday, March 24th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a GBX 1,400 ($17.84) price objective on shares of Anglo American plc in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,243 ($15.84).

Shares of Anglo American plc (AAL) traded up 0.31% on Wednesday, reaching GBX 978.70. 4,273,695 shares of the company were exchanged. The company’s 50-day moving average price is GBX 1,044.91 and its 200 day moving average price is GBX 1,188.10. Anglo American plc has a 12 month low of GBX 579.00 and a 12 month high of GBX 1,529.01. The company’s market cap is GBX 12.47 billion.

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In other news, insider John Parker acquired 62,696 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average price of GBX 1,057 ($13.47) per share, with a total value of £662,696.72 ($844,307.20). Also, insider Philip R. Hampton acquired 727 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The stock was purchased at an average cost of GBX 1,264 ($16.10) per share, with a total value of £9,189.28 ($11,707.58). In the last three months, insiders purchased 63,451 shares of company stock valued at $67,219,694.

Anglo American plc 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:AAL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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