JPMorgan Chase & Co. Issues Positive Forecast for Anglo American (LON:AAL) Stock Price

Anglo American (LON:AAL) had its price objective boosted by JPMorgan Chase & Co. from GBX 2,160 ($27.18) to GBX 2,190 ($27.56) in a research note published on Wednesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the mining company’s stock.

AAL has been the topic of a number of other research reports. Berenberg Bank restated a “sell” rating and set a GBX 2,100 ($26.43) price objective on shares of Anglo American in a research report on Thursday, February 6th. Citigroup reaffirmed a “top pick” rating on shares of Anglo American in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,698.33 ($33.95).

Anglo American Stock Performance

Shares of Anglo American stock opened at GBX 2,365.93 ($29.77) on Wednesday. The company’s 50 day moving average price is GBX 2,425.16 and its two-hundred day moving average price is GBX 2,340.09. The firm has a market capitalization of £35.98 billion, a P/E ratio of -21.79, a P/E/G ratio of 2.05 and a beta of 1.10. Anglo American has a fifty-two week low of GBX 1,657.60 ($20.86) and a fifty-two week high of GBX 2,813 ($35.40). The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28.

Insider Transactions at Anglo American

In other news, insider Nonkululeko Nyembezi acquired 297 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of GBX 2,348 ($29.55) per share, for a total transaction of £6,973.56 ($8,775.08). 9.78% of the stock is owned by corporate insiders.

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.