Goldman Sachs Group Downgrades Anglo American (LON:AAL) to Neutral

Anglo American (LON:AAL) was downgraded by research analysts at Goldman Sachs Group to a “neutral” rating in a research note issued on Thursday, ThisIsMoney.Co.Uk reports. They currently have a GBX 2,200 ($28.75) price objective on the mining company’s stock, down from their previous price objective of GBX 2,300 ($30.05). Goldman Sachs Group’s price target would suggest a potential upside of 6.56% from the stock’s current price.

AAL has been the subject of several other reports. HSBC dropped their target price on Anglo American from GBX 2,400 ($31.36) to GBX 2,375 ($31.03) and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Anglo American in a research report on Wednesday, October 23rd. Credit Suisse Group reaffirmed an “outperform” rating on shares of Anglo American in a research report on Thursday, October 17th. Shore Capital reaffirmed a “not rated” rating on shares of Anglo American in a research report on Thursday, October 3rd. Finally, Barclays reaffirmed an “equal weight” rating on shares of Anglo American in a research report on Wednesday, October 30th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,110.33 ($27.58).

LON AAL traded down GBX 42.50 ($0.56) during trading on Thursday, hitting GBX 2,064.50 ($26.98). The stock had a trading volume of 5,731,912 shares, compared to its average volume of 6,120,000. The company has a market capitalization of $28.60 billion and a PE ratio of 6.45. The company has a quick ratio of 1.55, a current ratio of 2.30 and a debt-to-equity ratio of 33.15. The firm has a 50 day moving average price of GBX 1,935.28 and a 200 day moving average price of GBX 1,970.98. Anglo American has a twelve month low of GBX 1,529.80 ($19.99) and a twelve month high of GBX 2,294 ($29.98).

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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