Anglo American (OTCMKTS:NGLOY) Price Target Cut to GBX 3,350 by Analysts at JPMorgan Chase & Co.

Anglo American (OTCMKTS:NGLOY – Get Rating) had its price target decreased by JPMorgan Chase & Co. from GBX 3,450 ($42.26) to GBX 3,350 ($41.03) in a research report sent to investors on Wednesday, The Fly reports.

Other analysts have also issued reports about the company. Liberum Capital lowered Anglo American from a buy rating to a hold rating in a research note on Wednesday, May 4th. Berenberg Bank raised their price target on Anglo American from GBX 3,500 ($42.87) to GBX 3,600 ($44.10) in a report on Thursday, February 24th. Clarkson Capital reiterated a neutral rating on shares of Anglo American in a report on Monday. Royal Bank of Canada cut Anglo American from an outperform rating to a sector perform rating in a report on Friday, April 22nd. Finally, UBS Group decreased their price target on Anglo American from GBX 3,200 ($39.20) to GBX 3,000 ($36.75) in a report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $3,756.25.

Shares of OTCMKTS:NGLOY opened at $19.80 on Wednesday. Anglo American has a twelve month low of $16.75 and a twelve month high of $27.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.79. The business has a fifty day moving average of $22.80 and a 200-day moving average of $23.22.

Anglo American Company Profile (Get Rating)

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

Further Reading

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