Anglo American (LON:AAL) Receives "Neutral" Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reiterated a neutral rating on Anglo American's stock, maintaining a price target of GBX 1,980, indicating a potential downside of 7.81% from its previous close.
• Other analysts' ratings vary, with Deutsche Bank issuing a "buy" rating with a GBX 2,600 target, while Berenberg Bank issued a "sell" rating with a GBX 1,900 target price.
• Anglo American's stock is currently down 1.1% and has an average price target of GBX 2,136 based on mixed analyst ratings.

JPMorgan Chase & Co. restated their neutral rating on shares of Anglo American (LON:AAL - Free Report) in a research report sent to investors on Wednesday, Marketbeat.com reports. The firm currently has a GBX 1,980 target price on the mining company's stock.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,600 target price on shares of Anglo American in a report on Monday, July 28th. Citigroup raised their target price on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a "neutral" rating in a report on Monday, July 28th. Royal Bank Of Canada decreased their price objective on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Finally, Berenberg Bank reaffirmed a "sell" rating and issued a GBX 1,900 price objective on shares of Anglo American in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Anglo American currently has a consensus rating of "Hold" and an average price target of GBX 2,136.

Anglo American Price Performance

Shares of AAL traded down GBX 9.21 during midday trading on Wednesday, reaching GBX 2,171.79. The stock had a trading volume of 5,364,296 shares, compared to its average volume of 3,674,846. Anglo American has a 52 week low of GBX 1,900.01 and a 52 week high of GBX 2,999.77. 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 firm's 50 day moving average price is GBX 2,175.70 and its 200-day moving average price is GBX 2,192.33. The company has a market capitalization of £33.03 billion, a P/E ratio of -20.00, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling

In other news, insider Magali Anderson acquired 341 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of GBX 2,044 per share, with a total value of £6,970.04. Also, insider Stuart J. Chambers acquired 859 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of GBX 2,044 per share, with a total value of £17,557.96. In the last 90 days, insiders bought 1,579 shares of company stock valued at $3,231,325. Company insiders own 9.78% 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.