Anglo American plc (LON:AAL) Receives Average Rating of “Moderate Buy” from Analysts

Anglo American plc (LON:AAL) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 2,715 ($35.21).

Several analysts have recently issued reports on AAL shares. JPMorgan Chase & Co. dropped their target price on shares of Anglo American from GBX 2,735 ($35.47) to GBX 2,590 ($33.59) and set an “overweight” rating on the stock in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Anglo American from GBX 2,900 ($37.61) to GBX 2,700 ($35.01) and set a “buy” rating for the company in a research note on Monday, September 9th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 2,100 ($27.23) price target on shares of Anglo American in a research note on Thursday, October 24th.

Anglo American Trading Up 1.1 %

Shares of Anglo American stock opened at GBX 2,490.50 ($32.30) on Tuesday. The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. Anglo American has a fifty-two week low of GBX 1,630 ($21.14) and a fifty-two week high of GBX 2,813 ($36.48). The firm has a 50-day simple moving average of GBX 2,248.01 and a two-hundred day simple moving average of GBX 2,351.44. The company has a market cap of £30.14 billion, a P/E ratio of -2,368.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insiders Place Their Bets

In other news, insider Marcelo Bastos purchased 1,200 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average price of GBX 2,131 ($27.64) per share, with a total value of £25,572 ($33,163.01). Over the last 90 days, insiders have purchased 1,214 shares of company stock valued at $2,587,244. Insiders own 9.78% of the company’s stock.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.