Anglo American (LON:AAL) PT Raised to GBX 4,400 at Royal Bank of Canada

Anglo American (LON:AAL – Get Rating) had its price objective raised by analysts at Royal Bank of Canada from GBX 4,200 ($54.64) to GBX 4,400 ($57.25) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 7.72% from the stock’s previous close.

AAL has been the subject of a number of other research reports. Liberum Capital lowered Anglo American to a “hold” rating and set a GBX 3,020 ($39.29) target price for the company. in a report on Thursday, January 20th. Berenberg Bank lifted their target price on Anglo American from GBX 3,800 ($49.44) to GBX 4,300 ($55.95) and gave the company a “buy” rating in a report on Tuesday, April 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Anglo American in a report on Tuesday, March 15th. Barclays reaffirmed an “equal weight” rating and set a GBX 3,150 ($40.98) target price on shares of Anglo American in a report on Wednesday, April 13th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 3,700 ($48.14) target price on shares of Anglo American in a report on Thursday, April 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 3,715 ($48.33).

Shares of AAL opened at GBX 4,084.50 ($53.14) on Wednesday. The business has a 50-day moving average of GBX 3,849.43 and a 200 day moving average of GBX 3,276.67. Anglo American has a fifty-two week low of GBX 2,350 ($30.58) and a fifty-two week high of GBX 4,292.50 ($55.85). The firm has a market cap of £54.63 billion and a P/E ratio of 7.79. The company has a debt-to-equity ratio of 37.20, a quick ratio of 1.24 and a current ratio of 1.79.

In other news, insider Stephen Pearce sold 61,100 shares of Anglo American stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of GBX 3,919 ($50.99), for a total transaction of £2,394,509 ($3,115,416.34).

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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