Brokerages Set Anglo American plc (LON:AAL) PT at GBX 3,657.50

Anglo American plc (LON:AAL) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 3,657.50.

AAL has been the topic of several research analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 4,200 price target on shares of Anglo American in a research note on Thursday, June 18th. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,000 price objective on shares of Anglo American in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Anglo American from GBX 2,780 to GBX 3,160 and gave the stock an “underweight” rating in a research report on Tuesday, May 26th.

Insider Buying and Selling

In other news, insider Nonkululeko Nyembezi purchased 194 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of GBX 3,725 per share, with a total value of £7,226.50. Also, insider Magali Anderson purchased 213 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of GBX 3,725 per share, for a total transaction of £7,934.25. Insiders have bought 912 shares of company stock worth $3,399,635 in the last quarter. 0.37% of the stock is owned by insiders.

Anglo American Trading Up 1.2%

Shares of Anglo American stock opened at GBX 3,787.54 on Friday. The company has a fifty day simple moving average of GBX 3,837.61 and a 200-day simple moving average of GBX 3,499.99. Anglo American has a 12-month low of GBX 2,042 and a 12-month high of GBX 4,239. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 86.09. The stock has a market cap of £40.58 billion, a price-to-earnings ratio of -11.48, a PEG ratio of 2.05 and a beta of 0.98.

About Anglo American

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.