Anglo American (AAL) Rating Reiterated by UBS Group

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Anglo American (LON:AAL)‘s stock had its “neutral” rating restated by equities researchers at UBS Group in a research note issued on Friday, www.digitallook.com reports. They currently have a GBX 1,650 ($21.28) price target on the mining company’s stock. UBS Group’s price target indicates a potential upside of 12.02% from the stock’s previous close.

Several other research firms also recently commented on AAL. Deutsche Bank reaffirmed a “hold” rating on shares of Anglo American in a research note on Friday, July 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Anglo American in a research note on Friday, June 29th. HSBC raised their price target on shares of Anglo American from GBX 1,790 ($23.09) to GBX 1,960 ($25.28) and gave the stock a “hold” rating in a research note on Thursday, June 21st. Citigroup reaffirmed a “neutral” rating and issued a GBX 1,950 ($25.15) price target on shares of Anglo American in a research note on Monday, June 18th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Anglo American in a research note on Friday, June 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 1,833.44 ($23.65).

AAL stock traded down GBX 29 ($0.37) during trading on Friday, hitting GBX 1,473 ($19.00). The company had a trading volume of 3,168,275 shares, compared to its average volume of 6,120,000. Anglo American has a 52-week low of GBX 950.10 ($12.26) and a 52-week high of GBX 1,870 ($24.12).

In other Anglo American news, insider Stephen Pearce sold 95,928 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of GBX 1,700 ($21.93), for a total transaction of £1,630,776 ($2,103,684.21). Also, insider Stuart J. Chambers bought 578 shares of the business’s stock in a transaction on Monday, June 25th. The shares were acquired at an average cost of GBX 1,659 ($21.40) per share, for a total transaction of £9,589.02 ($12,369.74). Insiders have acquired a total of 595 shares of company stock worth $988,004 in the last three months.

About Anglo American

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 nickel; and iron and manganese ores, as well as alloys.

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Analyst Recommendations for Anglo American (LON:AAL)

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