JPMorgan Chase & Co. Reiterates Overweight Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL - Get Free Report)'s stock had its "overweight" rating reiterated by analysts at JPMorgan Chase & Co. in a report released on Tuesday, Marketbeat reports.

Several other research firms have also recently commented on AAL. Berenberg Bank reiterated a "hold" rating and issued a GBX 1,600 ($20.25) price target on shares of Anglo American in a research note on Tuesday, March 26th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 2,500 ($31.64) price target on shares of Anglo American in a research note on Friday, February 9th. Finally, Barclays reiterated an "overweight" rating and issued a GBX 2,630 ($33.29) price target on shares of Anglo American in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Anglo American has an average rating of "Moderate Buy" and an average price target of GBX 2,493.33 ($31.56).

Anglo American Price Performance

AAL stock traded up GBX 36.50 ($0.46) during midday trading on Tuesday, hitting GBX 2,191.50 ($27.74). 4,990,260 shares of the stock were exchanged, compared to its average volume of 4,421,562. The company has a debt-to-equity ratio of 53.49, a quick ratio of 1.28 and a current ratio of 1.85. The stock's 50-day moving average price is GBX 1,844.17 and its 200-day moving average price is GBX 1,974.48. The stock has a market cap of £29.37 billion, a price-to-earnings ratio of 12,184.23, a PEG ratio of 1.76 and a beta of 1.27. Anglo American has a fifty-two week low of GBX 1,630 ($20.63) and a fifty-two week high of GBX 2,815.50 ($35.63).

Insider Activity at Anglo American

In related news, insider Duncan Wanblad sold 24,467 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 1,737 ($21.98), for a total value of £424,991.79 ($537,896.20). 7.29% of the stock is owned by corporate insiders.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.