Anglo American’s (AAL) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Anglo American (LON:AAL) in a research note issued to investors on Friday morning, MarketBeat reports.

A number of other brokerages also recently commented on AAL. Berenberg Bank restated a “sell” rating and issued a GBX 2,100 ($26.38) target price on shares of Anglo American in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Anglo American from GBX 2,900 ($36.42) to GBX 2,700 ($33.91) and set a “buy” rating for the company in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Anglo American presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,715 ($34.10).

Anglo American Stock Up 1.4 %

Shares of LON AAL opened at GBX 2,391 ($30.03) on Friday. Anglo American has a 1 year low of GBX 1,630 ($20.47) and a 1 year high of GBX 2,813 ($35.33). The firm has a market cap of £28.93 billion, a price-to-earnings ratio of -2,299.04, a PEG ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. The stock’s 50-day simple moving average is GBX 2,313.55 and its 200-day simple moving average is GBX 2,367.22.

Insiders Place Their Bets

In related news, insider Marcelo Bastos purchased 1,200 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of GBX 2,131 ($26.76) per share, for a total transaction of £25,572 ($32,117.56). In the last three months, insiders have bought 1,214 shares of company stock worth $2,587,104. Corporate insiders own 9.78% of the company’s stock.

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.