Rating Worth Watching: JP Morgan Cazenove Maintains GBX 1280.00 Target Price On Anglo American PLC (LON:AAL), Maintains “Overweight” Rating

November 23, 2016 - By Marguerite Chambers

Anglo American PLC (LON:AAL) Rating

JP Morgan Cazenove currently has a GBX 1280.00 price target on the 16.93B GBP market cap company or 4.75% upside potential. In analysts report issued to investors and clients on Wednesday, 23 November, Anglo American PLC (LON:AAL) stock had its “Overweight” Rating reconfirmed by expert analysts at JP Morgan Cazenove.

Anglo American plc (LON:AAL) Ratings Coverage

Out of 27 analysts covering Anglo American PLC (LON:AAL), 8 rate it a “Buy”, 9 “Sell”, while 10 “Hold”. This means 30% are positive. GBX 2050 is the highest target while GBX 152 is the lowest. The GBX 848.35 average target is -30.58% below today’s (GBX 1222) stock price. Anglo American PLC has been the topic of 333 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, October 12 by Macquarie Research. As per Friday, April 29, the company rating was maintained by RBC Capital Markets. The firm has “Underweight” rating given on Friday, April 22 by Barclays Capital. On Wednesday, January 20 the stock rating was downgraded by Investec to “Sell”. The rating was upgraded by Haitong Securities on Thursday, June 30 to “Neutral”. The stock of Anglo American plc (LON:AAL) earned “Underweight” rating by Barclays Capital on Wednesday, February 3. The company was maintained on Tuesday, August 25 by JP Morgan. On Tuesday, April 26 the stock rating was maintained by JP Morgan with “Underweight”. As per Tuesday, July 26, the company rating was maintained by Credit Suisse. The stock has “Sell” rating given by Citigroup on Monday, February 8.

About 2.04M shares traded hands. Anglo American plc (LON:AAL) has risen 77.88% since April 25, 2016 and is uptrending. It has outperformed by 72.55% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.46 in 2016 Q2. Its down 0.14, from 0.6 in 2016Q1. The ratio fall, as 111 funds sold all Anglo American plc shares owned while 206 reduced positions. 40 funds bought stakes while 150 increased positions. They now own 384.56 million shares or 8.83% less from 421.82 million shares in 2016Q1.

Stephens Inc Ar holds 0.01% of its portfolio in Anglo American plc (LON:AAL) for 7,829 shares. Moreover, Glendon Lp has 1.32% invested in Anglo American plc (LON:AAL) for 146,485 shares. Moreover, Shellback Cap L P has 0.37% invested in Anglo American plc (LON:AAL) for 102,283 shares. New Generation Limited Liability last reported 1.12% of its portfolio in the stock. The New York-based Msd Ptnrs Lp has invested 0.04% in Anglo American plc (LON:AAL). Advisors Cap Lc has invested 0.29% of its portfolio in Anglo American plc (LON:AAL). Exxonmobil Mngmt Tx holds 0.09% of its portfolio in Anglo American plc (LON:AAL) for 149,660 shares. Royal Natl Bank Of Canada last reported 746,652 shares in the company. Jane Street Gru Limited Liability Corporation has 0.02% invested in the company for 148,369 shares. E&G Advisors Limited Partnership reported 85,340 shares or 1.47% of all its holdings. Spot Trading Limited Liability Company has 235,051 shares for 0.11% of their US portfolio. Atwood And Palmer holds 422 shares or 0% of its portfolio. Retail Bank Of Montreal Can accumulated 0.02% or 749,125 shares. The Japan-based Sumitomo Mitsui Tru Incorporated has invested 0.02% in Anglo American plc (LON:AAL). D E Shaw last reported 1.92M shares in the company.

Insider Transactions: Since June 13, 2016, the stock had 1 buying transaction, and 7 selling transactions for $14.36 million net activity. On Monday, June 13 the insider SCHIFTER RICHARD P bought $96,390. GOULET – BEVERLY K. had sold 40,000 shares worth $1.36M. 171,383 shares were sold by Nocella Andrew P, worth $6.97 million. Leibman Maya also sold $363,432 worth of Anglo American plc (LON:AAL) shares. EBERWEIN ELISE R sold 89,556 shares worth $4.02M.

Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The company has a market cap of 16.93 billion GBP. The Company’s divisions include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It currently has negative earnings. It produces platinum group metals , which provides approximately 40% of mined platinum and its activities are located in the Bushveld Complex in South Africa.

According to Zacks Investment Research, “American Airlines Group Inc. operates in the airline industry. The company provides scheduled passenger, freight and mail service primarily in North America, the Caribbean, Latin America, Europe and the Pacific. American Airlines Group Inc. is the holding company for American Airlines and US Airways. American Airlines Group Inc. is based in FORT WORTH TX.”

AAL Company Profile

American Airlines Group Inc. (AAG), incorporated on February 16, 1982, is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA) that operate under capacity purchase agreements as American Eagle.

Another recent and important Anglo American plc (LON:AAL) news was published by Wsj.com which published an article titled: “Anglo American Halts Operations at Los Bronces Mine in Chile” on November 17, 2016.

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