Anglo American (LON:AAL) Given New GBX 2,500 Price Target at Deutsche Bank

Anglo American (LON:AAL) had its price target raised by research analysts at Deutsche Bank from GBX 2,450 ($32.01) to GBX 2,500 ($32.67) in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the mining company’s stock. Deutsche Bank’s target price indicates a potential upside of 16.14% from the stock’s previous close.

Several other research analysts have also recently weighed in on AAL. Morgan Stanley set a $100.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, May 16th. Societe Generale raised Anglo American to a “buy” rating in a research report on Thursday, May 23rd. Citigroup set a $6.00 price objective on Solid Biosciences and gave the stock a “hold” rating in a research report on Thursday, May 16th. HSBC assumed coverage on Tullow Oil in a research report on Tuesday, May 28th. They set a “hold” rating for the company. Finally, Credit Suisse Group set a €19.00 ($22.09) price objective on K&S and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,132 ($27.86).

Shares of AAL stock traded up GBX 14.50 ($0.19) on Wednesday, hitting GBX 2,152.50 ($28.13). 2,831,648 shares of the stock were exchanged, compared to its average volume of 6,120,000. The company has a debt-to-equity ratio of 30.44, a current ratio of 1.95 and a quick ratio of 1.25. The stock has a market cap of $30.24 billion and a price-to-earnings ratio of 7.86. The business has a 50-day moving average of GBX 2,081.55. 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).

In related news, insider Stuart J. Chambers bought 4,650 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of GBX 2,157 ($28.19) per share, for a total transaction of £100,300.50 ($131,060.37).

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.

Read More: What are the Different Types of Leveraged Buyouts?

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.