Royal Bank of Canada Increases Anglo American (LON:AAL) Price Target to GBX 3,050
Anglo American (LON:AAL) had its target price boosted by Royal Bank of Canada from GBX 2,650 ($34.86) to GBX 3,050 ($40.12) in a research report report published on Tuesday morning, Digital Look reports. They currently have a top pick rating on the mining company’s stock.
AAL has been the topic of several other research reports. UBS Group restated a sell rating on shares of Anglo American in a report on Tuesday, January 21st. DZ Bank boosted their price objective on shares of Anglo American from GBX 1,580 ($20.78) to GBX 1,600 ($21.05) and gave the stock a sell rating in a report on Wednesday, October 30th. Societe Generale downgraded shares of Anglo American to a hold rating and dropped their price objective for the stock from GBX 2,360 ($31.04) to GBX 2,230 ($29.33) in a report on Monday, December 16th. Goldman Sachs Group boosted their price objective on shares of Anglo American from GBX 2,120 ($27.89) to GBX 2,210 ($29.07) and gave the stock a neutral rating in a report on Tuesday, January 21st. Finally, Credit Suisse Group restated a neutral rating on shares of Anglo American in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 2,228.13 ($29.31).
LON:AAL opened at GBX 45.66 ($0.60) on Tuesday. The firm’s 50-day moving average is GBX 1,969.71 and its 200-day moving average is GBX 1,951.44. Anglo American has a 52-week low of GBX 1,654.80 ($21.77) and a 52-week high of GBX 2,294 ($30.18). The company has a debt-to-equity ratio of 33.15, a quick ratio of 0.40 and a current ratio of 0.51. The company has a market cap of $624.06 million and a price-to-earnings ratio of 5.31.
About Anglo American
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.
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