Ratings Change: Barclays Capital Reiterates a “Equal weight” Rating on Anglo American PLC (LON:AAL) and GBX 975.00 Target

November 23, 2016 - By Hazel Jackson

Anglo American PLC (LON:AAL) Rating

In a research report revealed to clients and investors on today, Barclays Capital reconfirmed their “Equal weight” rating on Anglo American PLC (LON:AAL)‘s stock. The PT gives a potential downside of -20.21% from firm’s last stock price.

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 -30.12% below today’s (GBX 1214) stock price. Anglo American PLC has been the topic of 333 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, November 25, the company rating was maintained by Goldman Sachs. Canaccord Genuity maintained Anglo American plc (LON:AAL) rating on Thursday, January 28. Canaccord Genuity has “Hold” rating and GBX 650 price target. On Wednesday, July 20 the stock rating was maintained by Liberum Capital with “Sell”. The rating was maintained by Bernstein with “Outperform” on Monday, November 16. The company was maintained on Wednesday, January 20 by Deutsche Bank. Nomura maintained Anglo American plc (LON:AAL) rating on Friday, November 13. Nomura has “Reduce” rating and GBX 780 price target. Barclays Capital maintained it with “Underweight” rating and GBX 550 target price in Wednesday, September 7 report. The firm has “Outperform” rating given on Monday, October 12 by Bernstein. The rating was maintained by HSBC with “Hold” on Monday, October 19. BMO Capital Markets maintained the stock with “Market Perform” rating in Wednesday, July 29 report.

About 1.66M 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 dropped, 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.

Marco Mgmt Ltd Llc owns 80,529 shares or 0.42% of their US portfolio. Envestnet Asset Mgmt Inc accumulated 63,750 shares or 0.01% of the stock. Evercore Wealth Mngmt Lc has 4,601 shares for 0.01% of their US portfolio. South Texas Money Ltd accumulated 628,693 shares or 1% of the stock. Ubs Asset Management Americas has invested 0.01% of its portfolio in Anglo American plc (LON:AAL). Northern Corporation last reported 5.43M shares in the company. Ronald Blue And Lc holds 15,971 shares or 0.02% of its portfolio. Prudential Financial has invested 0.04% of its portfolio in Anglo American plc (LON:AAL). Maverick Cap Limited accumulated 0.01% or 19,150 shares. State Treasurer State Of Michigan last reported 0.04% of its portfolio in the stock. Caisse De Depot Et Placement Du Quebec holds 369,067 shares or 0.03% of its portfolio. Adage Cap Prtn Limited Liability Com holds 0.49% of its portfolio in Anglo American plc (LON:AAL) for 6.30 million shares. Burney holds 7,252 shares or 0.01% of its portfolio. Gendell Jeffrey L, a Connecticut-based fund reported 251,942 shares. Masters Cap has 0.83% invested in the company for 1.00 million shares.

Insider Transactions: Since June 13, 2016, the stock had 1 buying transaction, and 7 insider sales for $14.36 million net activity. Shares for $800,000 were sold by GOULET – BEVERLY K.. 171,383 shares were sold by Nocella Andrew P, worth $6.97M. The insider SCHIFTER RICHARD P bought 3,000 shares worth $96,390. Shares for $363,432 were sold by Leibman Maya. EBERWEIN ELISE R sold $4.02M worth of Anglo American plc (LON:AAL) on Tuesday, November 15.

Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The company has a market cap of 16.82 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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