Today JP Morgan Cazenove Keeps a Underweight Rating on Anglo American PLC (LON:AAL) and a GBX 265.00 Target Price


Anglo American PLC (LON:AAL) Rating Reaffirmed

London: In a comprehensive report distributed on Tuesday, 15 December, JP Morgan Cazenove reconfirmed their Underweight rating on Anglo American PLC (LON:AAL) shares. They now have a GBX 265.00 Estimated Target Price on the company. JP Morgan Cazenove’s target may imply a potential downside of -9.54% from the company’s last close price.

From a total of 25 analysts covering Anglo American PLC (LON:AAL) stock, 5 rate it a ”Buy”, 9 a “Sell”, and 14 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is GBX 16.24 while the lowest target price is GBX 4.17. The mean of all analyst targets is GBX 8.12 with a 117.54% above today’s (GBX 292.95) stock price. Anglo American PLC was the topic of 138 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 10 with “Reduce” rating. Jefferies downgraded shares to “Underperform” rating and GBX 275 target share price in a report from a December 9. Canaccord Genuity maintained AAL stock in a recent report from December 9 with “Hold” rating. Barclays Capital maintained the rating on December 9. Barclays Capital has a “Underweight” rating and a GBX 485 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on a December 9.

The stock closed the day at GBX 292.95 during the previous session. It is up 73.93% since May 18, 2015 and is downtrending. It has underperformed by 69.51% the S&P500.

Today JP Morgan Cazenove Keeps a Underweight Rating on Anglo American PLC (LON:AAL) and a GBX 265.00 Target Price

The overall sentiment of institutions has decreased to 0.96 in Q2 2015. Its down 0.07, from 1.03 in 2015Q2. The ratio dropped, as 67 institutions have sold all the shares of Anglo American plc that they owned while 230 funds have taken shares off the table. 67 funds have purchased shares for the first time while 217 added to their positions. These institutions now hold 462.75 million shares or 3.89% less than the 481.50 million shares they owned in 2015Q2.

The Fund Knighthead Capital Management Llc currently is holding shares equating to 15.57% of its total portfolio in Anglo American plc representing a total of 1.54 million shares. Another fund,Contrarian Capital Management L.L.C., is holding a total of 673,480 shares equating to 13.15% of their holdings. Additionally, Candlewood Investment Group Lp has a 250,000 share stake in Anglo American plc which represents 8.11% of their total portfolio. The Fund, Cyrus Capital Partners L.P., based out of New York, has also built up a stake in the stock, which represents a total of 6.9% of their total portfolio. Finally Nokomis Capital L.L.C., a fund which is based in the state of Texas reported a total holdings of 611,900 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 25, 2015, shareholders of Anglo American plc have witnessed 0 insider buys, and a total of 5 selling transactions equating to a net activity of approximately $11.61 million . Parker W Douglas sold 60,362 shares worth approximately $2.31 million. Johnson Stephen L sold 87,161 shares worth approximately $4.29 million. Kerr Derek J sold 2,250 shares worth approximately $111,150. Isom Robert D Jr sold 94,765 shares worth approximately $4.66M. The company insider Kirby J Scott sold 262,471 shares worth $12.99 million.

Anglo American PLC is a mining company. The company has a market cap of 3.87 billion GBP. The Company’s divisions include Iron Ore and Manganese, which includes iron ore, manganese ore and alloys; Coal, which includes metallurgical coal and thermal coal; Copper, which includes copper; Nickel, which includes nickel; Niobium, which includes niobium; Phosphates, which includes phosphates; Platinum, which includes platinum group metals, and De Beers, which includes rough and polished diamonds. It currently has negative earnings. The Company’s portfolio offers bulk commodities and base metals to precious metals and diamonds (through De Beers).

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