AAL has been the topic of several other reports. JPMorgan Chase & Co. reduced their target price on Anglo American from GBX 2,290 ($29.92) to GBX 2,250 ($29.40) and set an “overweight” rating on the stock in a report on Monday, March 4th. BNP Paribas reissued a “neutral” rating on shares of Anglo American in a report on Thursday, March 21st. Credit Suisse Group raised Anglo American to an “outperform” rating and raised their price objective for the company from GBX 1,610 ($21.04) to GBX 2,350 ($30.71) in a research note on Monday, May 6th. HSBC lowered Anglo American to a “hold” rating and raised their price objective for the company from GBX 2,200 ($28.75) to GBX 2,340 ($30.58) in a research note on Tuesday, April 16th. Finally, Deutsche Bank raised their price objective on Anglo American from GBX 1,700 ($22.21) to GBX 1,800 ($23.52) and gave the company a “hold” rating in a research note on Thursday, January 31st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,092.67 ($27.34).
AAL opened at GBX 1,974.60 ($25.80) on Thursday. The firm has a market cap of $24.89 billion and a PE ratio of 7.21. Anglo American has a 52-week low of GBX 1,433.80 ($18.74) and a 52-week high of GBX 2,229.50 ($29.13). The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 30.44.
In other news, insider Marcelo Bastos bought 940 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average cost of GBX 2,119 ($27.69) per share, for a total transaction of £19,918.60 ($26,027.18). Also, insider Stephen Pearce sold 45,952 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of GBX 2,010 ($26.26), for a total value of £923,635.20 ($1,206,892.98). Insiders purchased 1,420 shares of company stock worth $2,952,116 over the last ninety days.
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.
See Also: P/E Growth (PEG)
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