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Anglo American (LON:AAL) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Anglo American logo with Basic Materials background

Anglo American plc (LON:AAL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,338.17 ($29.42) and traded as high as GBX 2,355.50 ($29.64). Anglo American shares last traded at GBX 2,342 ($29.47), with a volume of 2,776,293 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAL. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Anglo American in a research note on Friday, November 22nd. Berenberg Bank reiterated a "sell" rating and issued a GBX 2,100 ($26.43) target price on shares of Anglo American in a research note on Thursday, October 24th. Citigroup reiterated a "top pick" rating on shares of Anglo American in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Anglo American from GBX 2,900 ($36.49) to GBX 2,700 ($33.98) and set a "buy" rating on the stock in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,715 ($34.16).

Get Our Latest Research Report on Anglo American

Anglo American Trading Down 1.7 %

The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. The company has a market capitalization of £28.34 billion, a P/E ratio of -2,251.92, a PEG ratio of 2.05 and a beta of 1.10. The company's fifty day simple moving average is GBX 2,390.40 and its 200-day simple moving average is GBX 2,334.79.

Insider Activity

In related news, insider Nonkululeko Nyembezi purchased 297 shares of Anglo American stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of GBX 2,348 ($29.55) per share, with a total value of £6,973.56 ($8,775.08). Insiders own 9.78% of the company's stock.

About Anglo American

(Get Free Report)

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.

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