UBS Group Reaffirms “Neutral” Rating for Anglo American (AAL)

UBS Group reaffirmed their neutral rating on shares of Anglo American (LON:AAL) in a research note published on Friday, investing.thisismoney.co.uk reports.

Several other equities analysts have also commented on the company. Liberum Capital reaffirmed a sell rating on shares of Anglo American in a research note on Wednesday, October 3rd. Deutsche Bank upped their price target on Anglo American from GBX 1,700 ($22.21) to GBX 1,850 ($24.17) and gave the company a hold rating in a research note on Tuesday, October 2nd. HSBC reaffirmed a buy rating on shares of Anglo American in a research note on Wednesday, September 12th. Citigroup reaffirmed a buy rating on shares of Anglo American in a research note on Wednesday, September 12th. Finally, JPMorgan Chase & Co. upped their price target on Anglo American from GBX 2,170 ($28.35) to GBX 2,290 ($29.92) and gave the company an overweight rating in a research note on Monday, September 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 1,869.69 ($24.43).

Shares of Anglo American stock opened at GBX 1,646.80 ($21.52) on Friday. Anglo American has a 52 week low of GBX 950.10 ($12.41) and a 52 week high of GBX 1,870 ($24.43).

The firm also recently disclosed a dividend, which was paid on Friday, September 21st. Stockholders of record on Thursday, August 16th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a dividend yield of 2.22%.

In other news, insider Stephen Pearce sold 95,928 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of GBX 1,700 ($22.21), for a total transaction of £1,630,776 ($2,130,897.69). Also, insider Tony O’Neill acquired 1,611 shares of the stock in a transaction dated Friday, September 21st. The shares were acquired at an average cost of GBX 1,739 ($22.72) per share, with a total value of £28,015.29 ($36,606.94). Over the last ninety days, insiders have bought 1,630 shares of company stock valued at $2,831,705.

Anglo American Company Profile

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 nickel; and iron and manganese ores, as well as alloys.

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Analyst Recommendations for Anglo American (LON:AAL)

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