JPMorgan Chase & Co. Raises Anglo American (LON:AAL) Price Target to GBX 2,190

Anglo American (LON:AAL) had its price target upped by research analysts at JPMorgan Chase & Co. from GBX 2,160 ($27.25) to GBX 2,190 ($27.63) in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 7.36% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Citigroup restated a “top pick” rating on shares of Anglo American in a report on Thursday, December 12th. Berenberg Bank reiterated a “sell” rating and issued a GBX 2,100 ($26.49) price target on shares of Anglo American in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Anglo American has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,698.33 ($34.04).

Anglo American Stock Performance

Anglo American stock traded down GBX 89 ($1.12) during trading hours on Wednesday, hitting GBX 2,364 ($29.82). The stock had a trading volume of 4,558,085 shares, compared to its average volume of 3,367,893. The company has a 50-day moving average of GBX 2,429.88 and a two-hundred day moving average of GBX 2,338.49. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. The company has a market cap of £35.95 billion, a PE ratio of -21.77, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. Anglo American has a fifty-two week low of GBX 1,657.60 ($20.91) and a fifty-two week high of GBX 2,813 ($35.49).

Insider Activity

In other Anglo American news, insider Nonkululeko Nyembezi bought 297 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 2,348 ($29.62) per share, with a total value of £6,973.56 ($8,797.22). Insiders own 9.78% of the company’s stock.

Anglo American Company Profile

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.