Anglo American (LON:AAL)‘s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a research note issued on Monday. They presently have a GBX 1,900 ($26.25) price objective on the mining company’s stock. Morgan Stanley’s price target suggests a potential upside of 9.20% from the stock’s previous close.
A number of other research analysts also recently issued reports on AAL. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,550 ($21.41) price target on shares of Anglo American in a research report on Wednesday, November 15th. Liberum Capital restated a “sell” rating and issued a GBX 800 ($11.05) price target on shares of Anglo American in a research report on Monday, January 15th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Anglo American in a research report on Wednesday, December 6th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 1,950 ($26.94) price target on shares of Anglo American in a research report on Thursday, December 21st. Finally, Deutsche Bank upgraded shares of Anglo American to a “hold” rating and raised their price target for the stock from GBX 1,300 ($17.96) to GBX 1,400 ($19.34) in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. Anglo American currently has a consensus rating of “Buy” and an average target price of GBX 1,635.94 ($22.60).
Shares of Anglo American (LON AAL) traded up GBX 1.20 ($0.02) during mid-day trading on Monday, reaching GBX 1,740 ($24.04). 2,337,404 shares of the company’s stock traded hands, compared to its average volume of 6,000,000. The firm has a market cap of $24,440.00 and a price-to-earnings ratio of 988.64. Anglo American has a 52 week low of GBX 950.10 ($13.13) and a 52 week high of GBX 1,870 ($25.84).
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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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