Anglo American (LON:AAL) Given New GBX 2,780 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase raised its price target slightly to GBX 2,780 but kept an underweight rating, implying roughly a 20.8% downside versus the stock's current price.
• Several brokers (Citigroup, UBS, Berenberg) have higher targets and "buy" ratings, yet the consensus is a Hold with an average price target of GBX 3,125.71.
• Shares traded around GBX 3,510 mid‑day (1‑year range GBX 1,987–3,877) with a market cap of £37.6bn and a negative P/E, and insiders have recently bought stock (Anne Wade purchased 525 shares at GBX 3,050), with insiders owning 0.37%.

Anglo American (LON:AAL - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from GBX 2,770 to GBX 2,780 in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has an "underweight" rating on the mining company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 20.80% from the company's current price.

Other equities research analysts have also issued reports about the stock. Citigroup raised shares of Anglo American to a "buy" rating and increased their target price for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. UBS Group reissued a "buy" rating and set a GBX 3,500 target price on shares of Anglo American in a research note on Friday, January 23rd. Finally, Berenberg Bank increased their target price on shares of Anglo American from GBX 3,600 to GBX 4,100 and gave the stock a "buy" rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Anglo American has a consensus rating of "Hold" and an average price target of GBX 3,125.71.

Anglo American Stock Performance

LON:AAL traded down GBX 10 during mid-day trading on Wednesday, hitting GBX 3,510. The company's stock had a trading volume of 22,256,586 shares, compared to its average volume of 45,994,668. Anglo American has a 1 year low of GBX 1,987.20 and a 1 year high of GBX 3,877. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a market cap of £37.61 billion, a price-to-earnings ratio of -10.64, a PEG ratio of 2.05 and a beta of 0.94. The business's fifty day moving average is GBX 3,400.03 and its two-hundred day moving average is GBX 3,179.40.

Insiders Place Their Bets

In other Anglo American news, insider Anne Wade bought 525 shares of the firm's stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of GBX 3,050 per share, with a total value of £16,012.50. Over the last 90 days, insiders have purchased 542 shares of company stock valued at $1,657,589. Company insiders own 0.37% of the company's stock.

About Anglo American

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends. Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.