Anglo American (LON:AAL) had its target price boosted by research analysts at Morgan Stanley from GBX 1,600 ($21.70) to GBX 1,900 ($25.77) in a research report issued on Thursday. The firm currently has an “overweight” rating on the mining company’s stock. Morgan Stanley’s target price would suggest a potential upside of 9.03% from the stock’s previous close.
A number of other equities research analysts have also commented on the company. Barclays increased their price target on Anglo American from GBX 1,270 ($17.22) to GBX 1,550 ($21.02) and gave the company an “equal weight” rating in a research report on Monday. Jefferies Group raised Anglo American to a “buy” rating and increased their price target for the company from GBX 1,500 ($20.34) to GBX 2,000 ($27.12) in a research report on Friday, January 5th. Credit Suisse Group increased their price target on Anglo American from GBX 1,550 ($21.02) to GBX 1,580 ($21.43) and gave the company a “neutral” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 1,950 ($26.44) price target on shares of Anglo American in a research report on Thursday, December 21st. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,640 ($22.24) price target on shares of Anglo American in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Anglo American presently has a consensus rating of “Hold” and a consensus price target of GBX 1,485.83 ($20.15).
Shares of Anglo American (LON AAL) opened at GBX 1,742.60 ($23.63) on Thursday. The company has a market capitalization of $24,250.00 and a price-to-earnings ratio of 803.04. Anglo American has a 12-month low of GBX 950.10 ($12.88) and a 12-month high of GBX 1,742.40 ($23.63).
In related news, insider Philip R. Hampton acquired 666 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were acquired at an average price of GBX 1,478 ($20.04) per share, with a total value of £9,843.48 ($13,348.90). Insiders have purchased a total of 697 shares of company stock worth $1,029,661 in the last three months.
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Anglo American 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.
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