Anglo American (LON:AAL) Price Target Raised to GBX 3,500 at Deutsche Bank Aktiengesellschaft

Anglo American (LON:AALGet Rating) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 3,400 ($40.20) to GBX 3,500 ($41.39) in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a hold rating on the mining company’s stock.

AAL has been the subject of several other reports. Berenberg Bank reiterated a hold rating and set a GBX 3,000 ($35.47) price target on shares of Anglo American in a research report on Friday, October 28th. Barclays restated an equal weight rating and issued a GBX 3,165 ($37.42) target price on shares of Anglo American in a report on Thursday, November 17th. Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 3,300 ($39.02) price target on shares of Anglo American in a research note on Tuesday, July 26th. Finally, JPMorgan Chase & Co. upped their price target on Anglo American from GBX 3,850 ($45.52) to GBX 4,000 ($47.30) and gave the company an overweight rating in a research note on Monday, September 26th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of GBX 3,435.63 ($40.62).

Anglo American Stock Up 1.1 %

Anglo American stock opened at GBX 3,227.50 ($38.16) on Wednesday. The stock has a market capitalization of £43.17 billion and a PE ratio of 663.41. Anglo American has a 12 month low of GBX 2,487.50 ($29.41) and a 12 month high of GBX 4,996.80 ($59.08). The business has a 50 day simple moving average of GBX 2,843.88 and a 200-day simple moving average of GBX 3,013.06. The company has a debt-to-equity ratio of 37.42, a current ratio of 1.90 and a quick ratio of 1.28.

Insider Buying and Selling

In related news, insider Nonkululeko Nyembezi purchased 258 shares of the business’s stock in a transaction on Monday, September 26th. The shares were bought at an average price of GBX 2,622 ($31.00) per share, for a total transaction of £6,764.76 ($7,999.01). In the last 90 days, insiders have bought 273 shares of company stock valued at $720,625.

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.

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