Anglo American (LON:AAL) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Anglo American (LON:AAL) in a research report report published on Friday morning, Marketbeat reports.

Several other analysts have also commented on AAL. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 3,100 ($38.78) price target on shares of Anglo American in a research note on Thursday, September 28th. Barclays restated an overweight rating and set a GBX 2,900 ($36.28) target price on shares of Anglo American in a research report on Thursday, October 5th. Finally, Berenberg Bank restated a hold rating and set a GBX 2,400 ($30.03) target price on shares of Anglo American in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of GBX 2,821.67 ($35.30).

Anglo American Price Performance

Shares of AAL stock opened at GBX 2,253.50 ($28.19) on Friday. The stock has a 50 day moving average of GBX 2,174.76 and a two-hundred day moving average of GBX 2,239.54. The company has a current ratio of 2.30, a quick ratio of 1.28 and a debt-to-equity ratio of 48.73. Anglo American has a 12 month low of GBX 1,952 ($24.42) and a 12 month high of GBX 3,699 ($46.28). The company has a market capitalization of £30.20 billion, a P/E ratio of 1,609.64, a P/E/G ratio of 14.14 and a beta of 1.34.

Insider Buying and Selling

In related news, insider Stuart J. Chambers sold 715 shares of Anglo American stock in a transaction on Friday, September 29th. The stock was sold at an average price of GBX 2,300 ($28.78), for a total transaction of £16,445 ($20,574.25). Insiders purchased a total of 17 shares of company stock valued at $36,723 over the last three months. Company insiders own 7.30% of the company’s stock.

Anglo American Company Profile

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