UBS Group Reaffirms “Sell” Rating for Anglo American (LON:AAL)

UBS Group reiterated their sell rating on shares of Anglo American (LON:AAL) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently commented on AAL. Deutsche Bank dropped their target price on Anglo American from GBX 2,500 ($32.67) to GBX 2,300 ($30.05) and set a top pick rating on the stock in a research report on Wednesday, September 4th. Citigroup restated a buy rating and set a GBX 2,300 ($30.05) target price on shares of Anglo American in a research report on Thursday, May 16th. Morgan Stanley restated an overweight rating on shares of Anglo American in a research report on Monday, July 15th. JPMorgan Chase & Co. dropped their target price on Anglo American from GBX 2,280 ($29.79) to GBX 2,230 ($29.14) and set a neutral rating on the stock in a research report on Monday, August 12th. Finally, Goldman Sachs Group restated a buy rating on shares of Anglo American in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 2,134.67 ($27.89).

LON AAL opened at GBX 1,985.60 ($25.95) on Wednesday. The stock has a 50-day simple moving average of GBX 1,841.61 and a two-hundred day simple moving average of GBX 2,006.32. The firm has a market capitalization of $27.45 billion and a P/E ratio of 6.21. Anglo American has a fifty-two week low of GBX 1,433.80 ($18.74) and a fifty-two week high of GBX 2,294 ($29.98). The company has a debt-to-equity ratio of 33.15, a quick ratio of 1.55 and a current ratio of 2.30.

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, August 15th. This is a boost from Anglo American’s previous dividend of $0.51. This represents a dividend yield of 2.23%. Anglo American’s dividend payout ratio (DPR) is 0.28%.

In other news, insider Stuart J. Chambers acquired 4,650 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average cost of GBX 2,157 ($28.19) per share, for a total transaction of £100,300.50 ($131,060.37). Also, insider Byron Elmer Grote acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of GBX 2,536 ($33.14) per share, for a total transaction of £50,720 ($66,274.66). Over the last quarter, insiders purchased 7,665 shares of company stock worth $17,346,104.

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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Analyst Recommendations for Anglo American (LON:AAL)

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