Anglo American (LON:AAL – Get Rating)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 3,175 ($38.90) price target on the mining company’s stock. Barclays‘s price objective indicates a potential upside of 10.78% from the company’s current price.
A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. set a GBX 3,850 ($47.18) price objective on shares of Anglo American in a report on Monday. Berenberg Bank lowered their price objective on shares of Anglo American from GBX 3,300 ($40.44) to GBX 3,200 ($39.21) and set a “buy” rating on the stock in a report on Friday, July 22nd. Morgan Stanley reiterated an “equal weight” rating on shares of Anglo American in a report on Wednesday, May 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 3,300 ($40.44) price objective on shares of Anglo American in a report on Tuesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 3,500 ($42.89) target price on shares of Anglo American in a report on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 3,443.13 ($42.19).
Anglo American Stock Up 3.2 %
Anglo American stock opened at GBX 2,866 ($35.12) on Wednesday. The company has a debt-to-equity ratio of 37.42, a current ratio of 1.90 and a quick ratio of 1.28. The firm has a market capitalization of £38.34 billion and a price-to-earnings ratio of 609.79. The company’s 50 day simple moving average is GBX 3,132.30 and its 200 day simple moving average is GBX 3,479.29. Anglo American has a fifty-two week low of GBX 2,350 ($28.80) and a fifty-two week high of GBX 4,996.80 ($61.23).
About Anglo American
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.
- Is It Time to Take a Ride on Cedar Fair Stock?
- These Are The Top Insider Buying Stocks For July
- Time To Take A Serious Look At Nikola Stock As Production Starts
- Chipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play
- Activision Blizzard Banks On A Flurry Of New Content
Receive News & Ratings for Anglo American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American and related companies with MarketBeat.com's FREE daily email newsletter.