JPMorgan Chase & Co. Boosts Anglo American (LON:AAL) Price Target to GBX 2,080

Key Points

• JPMorgan Chase & Co. has raised its price target for Anglo American from GBX 1,932 to GBX 2,080, suggesting a potential downside from the current stock price.
• Other brokerages, including Citigroup and Deutsche Bank, have provided varying price targets, with Citigroup increasing its target to GBX 2,300 and Deutsche Bank setting a target of GBX 2,600.
• Company insiders have bought 1,579 shares in the past ninety days, indicating confidence in the company's prospects, as insiders now own 9.78% of the stock.

Anglo American (LON:AAL - Get Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from GBX 1,932 ($25.64) to GBX 2,080 ($27.61) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a "neutral" rating on the mining company's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 0.32% from the stock's current price.

AAL has been the topic of a number of other research reports. Citigroup increased their price target on Anglo American from GBX 2,200 ($29.20) to GBX 2,300 ($30.53) and gave the stock a "neutral" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 2,600 ($34.51) price target on shares of Anglo American in a research report on Monday, July 28th. Finally, Berenberg Bank reaffirmed a "sell" rating and issued a GBX 1,900 ($25.22) target price on shares of Anglo American in a report on Thursday, July 24th.

Anglo American Price Performance

LON:AAL traded down GBX 61.35 ($0.81) during trading hours on Wednesday, reaching GBX 2,086.65 ($27.70). 2,720,083 shares of the company were exchanged, compared to its average volume of 3,498,444. The company has a market capitalization of £31.73 billion, a P/E ratio of -19.21, a P/E/G ratio of 2.05 and a beta of 1.10. Anglo American has a 1-year low of GBX 1,900.01 ($25.22) and a 1-year high of GBX 2,999.77 ($39.82). The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The business has a 50 day moving average of GBX 2,191.36 and a 200 day moving average of GBX 2,224.53.

Insider Activity

In other news, insider Nonkululeko Nyembezi purchased 347 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of GBX 2,044 ($27.13) per share, for a total transaction of £7,092.68 ($9,414.23). Also, insider Stuart J. Chambers purchased 859 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average price of GBX 2,044 ($27.13) per share, with a total value of £17,557.96 ($23,304.96). In the last ninety days, insiders bought 1,579 shares of company stock worth $3,232,235. Insiders own 9.78% of the company's stock.

Anglo American Company Profile

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.