Investec Upgrades Anglo American (AAL) to “Buy”

Investec upgraded shares of Anglo American (LON:AAL) to a buy rating in a report issued on Friday morning.

Other equities research analysts have also issued research reports about the company. Jefferies Group upgraded Anglo American to a buy rating and upped their target price for the company from GBX 1,500 ($20.72) to GBX 2,000 ($27.63) in a research report on Friday, January 5th. Societe Generale upped their target price on Anglo American from GBX 1,550 ($21.41) to GBX 1,650 ($22.80) and gave the company a buy rating in a research report on Thursday, November 9th. Barclays upped their target price on Anglo American from GBX 1,270 ($17.55) to GBX 1,550 ($21.41) and gave the company an equal weight rating in a research report on Monday, January 8th. Deutsche Bank upgraded Anglo American to a hold rating and upped their target price for the company from GBX 1,300 ($17.96) to GBX 1,400 ($19.34) in a research report on Friday, December 1st. Finally, Credit Suisse Group restated a neutral rating and set a GBX 1,550 ($21.41) target price on shares of Anglo American in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 1,629.69 ($22.52).

Shares of Anglo American (AAL) opened at GBX 1,738.80 ($24.02) on Friday. The firm has a market capitalization of $24,420.00 and a PE ratio of 982.37. Anglo American has a one year low of GBX 950.10 ($13.13) and a one year high of GBX 1,870 ($25.84).

The company also recently declared a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, March 15th will be issued a $0.54 dividend. The ex-dividend date is Thursday, March 15th. This represents a yield of 2.16%. This is a positive change from Anglo American’s previous dividend of $0.48.

In other news, insider Philip R. Hampton purchased 666 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were acquired at an average price of GBX 1,478 ($20.42) per share, for a total transaction of £9,843.48 ($13,599.72). Also, insider Mark Cutifani sold 109,134 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of GBX 1,693 ($23.39), for a total value of £1,847,638.62 ($2,552,692.21).

ILLEGAL ACTIVITY NOTICE: “Investec Upgrades Anglo American (AAL) to “Buy”” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2018/03/13/investec-upgrades-anglo-american-aal-to-buy.html.

Anglo American Company Profile

Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.

Analyst Recommendations for Anglo American (LON:AAL)

Receive News & Ratings for Anglo American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply