Barclays Reiterates Equal Weight Rating for Anglo American (LON:AAL)

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).

Insider Activity

In other Anglo American news, insider Stuart J. Chambers bought 498 shares of Anglo American stock in a transaction dated Friday, June 24th. The stock was bought at an average price of GBX 3,035 ($37.19) per share, with a total value of £15,114.30 ($18,520.16).

About Anglo American

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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.