Anglo American (LON:AAL) had its price target raised by equities researchers at Deutsche Bank from GBX 1,550 ($21.41) to GBX 1,650 ($22.80) in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the mining company’s stock. Deutsche Bank’s price target points to a potential downside of 5.11% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. Investec upgraded shares of Anglo American to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,000 ($27.63) target price on shares of Anglo American in a research note on Wednesday, March 7th. Liberum Capital reiterated a “sell” rating and issued a GBX 800 ($11.05) target price on shares of Anglo American in a research note on Tuesday, March 6th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 1,580 ($21.83) target price on shares of Anglo American in a research note on Tuesday, February 27th. Finally, Citigroup reiterated a “neutral” rating and issued a GBX 1,850 ($25.56) target price on shares of Anglo American in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,635.94 ($22.60).
Shares of Anglo American (LON:AAL) opened at GBX 1,738.80 ($24.02) on Tuesday. Anglo American has a 52 week low of GBX 950.10 ($13.13) and a 52 week high of GBX 1,870 ($25.84). The stock has a market cap of $24,420.00 and a P/E ratio of 982.37.
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Anglo American Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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