JPMorgan Chase & Co. Lowers Anglo American (LON:AAL) Price Target to GBX 3,350

Anglo American (LON:AALGet Rating) had its target price decreased by equities researchers at JPMorgan Chase & Co. from GBX 3,450 ($42.26) to GBX 3,350 ($41.03) in a report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 9.44% from the stock’s previous close.

AAL has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Anglo American from GBX 4,300 ($52.67) to GBX 3,900 ($47.77) and set a “buy” rating on the stock in a research report on Wednesday, May 11th. Barclays reissued an “equal weight” rating and set a GBX 3,400 ($41.65) price objective on shares of Anglo American in a research report on Monday, May 16th. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 3,400 ($41.65) price objective on shares of Anglo American in a research report on Monday, May 16th. Berenberg Bank reissued a “buy” rating on shares of Anglo American in a research report on Tuesday, June 14th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Anglo American in a research report on Wednesday, May 11th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 3,571.25 ($43.74).

Shares of Anglo American stock opened at GBX 3,061 ($37.49) on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 37.20. The business has a 50-day moving average price of GBX 3,620.38 and a two-hundred day moving average price of GBX 3,535.39. Anglo American has a 1-year low of GBX 2,350 ($28.78) and a 1-year high of GBX 4,996.80 ($61.21). The company has a market cap of £40.94 billion and a P/E ratio of 5.72.

About Anglo American (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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