Anglo American plc (LON:AAL) Receives GBX 2,715 Consensus Target Price from Analysts

Shares of Anglo American plc (LON:AAL) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,715 ($36.32).

A number of brokerages recently issued reports on AAL. Bank of America reiterated a “buy” rating and issued a GBX 3,100 ($41.47) price target on shares of Anglo American in a research note on Wednesday, June 26th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 2,100 ($28.09) price objective on shares of Anglo American in a research report on Friday, July 26th. JPMorgan Chase & Co. dropped their target price on Anglo American from GBX 2,735 ($36.58) to GBX 2,590 ($34.64) and set an “overweight” rating on the stock in a report on Wednesday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Anglo American from GBX 2,900 ($38.79) to GBX 2,700 ($36.12) and set a “buy” rating for the company in a report on Monday, September 9th.

Anglo American Price Performance

AAL stock opened at GBX 2,485 ($33.24) on Friday. The business’s 50-day moving average is GBX 2,212.93 and its two-hundred day moving average is GBX 2,299.11. The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market capitalization of £30.07 billion, a P/E ratio of -2,381.55, a P/E/G ratio of 1.91 and a beta of 1.10. Anglo American has a 1 year low of GBX 1,630 ($21.80) and a 1 year high of GBX 2,813 ($37.63).

Anglo American Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 15th were issued a $0.42 dividend. This is an increase from Anglo American’s previous dividend of $0.41. This represents a dividend yield of 1.46%. The ex-dividend date was Thursday, August 15th. Anglo American’s payout ratio is presently -6,310.68%.

Insider Buying and Selling

In other Anglo American news, insider Marcelo Bastos purchased 1,200 shares of Anglo American stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average price of GBX 2,131 ($28.50) per share, for a total transaction of £25,572 ($34,205.46). Insiders have bought 1,214 shares of company stock worth $2,587,244 in the last quarter. 9.85% of the stock is owned by 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.