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

Anglo American (LON:AAL) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from GBX 2,160 ($27.25) to GBX 2,190 ($27.63) in a research report issued to clients and 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 would suggest a potential downside of 7.36% from the company’s current price.

Several other equities analysts have also recently weighed in on AAL. 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. Citigroup reiterated a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,698.33 ($34.04).

Anglo American Stock Performance

LON:AAL traded down GBX 89 ($1.12) during trading hours on Wednesday, reaching 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 stock has a market cap of £35.95 billion, a P/E ratio of -21.77, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. Anglo American has a 12-month low of GBX 1,657.60 ($20.91) and a 12-month high of GBX 2,813 ($35.49). The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a 50 day simple moving average of GBX 2,429.88 and a 200 day simple moving average of GBX 2,338.49.

Insiders Place Their Bets

In other news, insider Nonkululeko Nyembezi purchased 297 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of GBX 2,348 ($29.62) per share, with a total value of £6,973.56 ($8,797.22). Company 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.