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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo American    AAL   GB00B1XZS820

ANGLO AMERICAN

(AAL)
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FTSE retreats from one-month peak, mid-cap index snaps winning streak

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02/16/2017 | 12:01pm EDT
A worker shelters from the rain as he passes the London Stock Exchange in London

LONDON (Reuters) - Britain's top share index retreated from a one-month high on Thursday, weighed down by a fall among oil firms and those trading ex-dividend, while mid-cap engineer Cobham (>> Cobham plc) slumped after results.

LONDON (Reuters) - Britain's top share index retreated from a one-month high on Thursday, weighed down by a fall among oil firms and those trading ex-dividend, while mid-cap engineer Cobham (>> Cobham plc) slumped after results.

The blue-chip FTSE 100 index <.FTSE> ended the day down 0.4 percent at 7,273.95 points, in line with a broader decline among European indexes. The FTSE dropped 28.46 points, of which 27.64 were due to ex-divs, according to Reuters calculations.

A number of heavyweight companies dropped after trading without entitlement to their latest dividend payout. AstraZeneca (>> AstraZeneca plc), BP (>> BP plc), Royal Dutch Shell <RDSa.L> and Imperial Brands (>> Imperial Brands PLC) all fell between 1.2 percent to 3.4 percent.

Oil & gas <.FTNMX0530> and auto & parts <.FTNMX3350> stocks were the biggest weights on the index. Shares in Anglo American (>> Anglo American plc) and Antofagasta (>> Antofagasta plc) fell 2 to 2.2 percent as the price of copper eased. [MET/L]

The mid-cap index <.FTMC> snapped its seven-day winning streak, closing down 0.7 percent and off Wednesday's record high, due to dramatic results-driven moves. Engineering firm Cobham (>> Cobham plc) closed down 15.1 percent to seal its second-worst ever day, after yet another profit warning.

Cobham took a 150 million pound sterling charge on a troubled contract with Boeing, leading it to downgrade its 2016 profit target.

Drax Group (>> Drax Group Plc) also fell, down 5.3 percent after reporting a disappointing set of results, with its core annual earnings falling 17 percent on weaker power prices and the loss of revenue from a green energy scheme.

However, a profit beat propelled Lancashire Holding's (>> Lancashire Holdings Limited) shares 8.7 percent. The property and casualty insurer posted a better-than-expected 2016 profit, helped by lower expenses and higher gains in the final quarter.

Challenger banks were also top mid-cap gainers after a Panmure Gordon note initiated rating on a handful of the lenders, which use new technology to erode traditional banks' customer base.

OneSavings Bank (>> OneSavings Bank PLC), Shawbrook (>> Shawbrook Group PLC) and Aldermore (>> Aldermore Group PLC) were up 1.8 to 3 percent after Panmure analysts gave them a "buy" rating.

"As large UK banks focus on cost reduction and commoditised price sensitive mainstream lending, the specialist lenders are filling the gap in those lending markets which require greater sophistication and bespoke service," said analysts in a note.

On the small-cap index <.FTSC>, Laura Ashley shares (>> Laura Ashley Holdings plc) sank 10.7 percent to post their worst day in nearly six years, after the fashion and homeware retailer warned its full-year profit would miss targets.

The shares were through 16 times their average 30-day volume by market close.

(Editing by Jeremy Gaunt and Angus MacSwan)

By Kit Rees and Helen Reid

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN 2.27% 2234 Delayed Quote.27.82%
ANTOFAGASTA 3.94% 934 Delayed Quote.19.25%
ASTRAZENECA -0.19% 6390 Delayed Quote.8.80%
BP PLC 0.39% 517.7 Delayed Quote.4.39%
CHALLENGER LTD 0.59% 6.78 End-of-day quote.-28.98%
COBHAM PLC 1.28% 119.15 Delayed Quote.21.93%
DRAX GROUP PLC 1.60% 279.8 Delayed Quote.-22.02%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.0.00%
IMPERIAL BRANDS 0.12% 2145 Delayed Quote.-9.76%
LANCASHIRE HOLDINGS -1.35% 694.5 Delayed Quote.14.79%
LAURA ASHLEY HOLDINGS PLC -0.49% 2.045 Delayed Quote.-36.88%
LME COPPER CASH 0.44% 5948 End-of-day quote.1.87%
ONESAVINGS BANK PLC 0.88% 366.8 Delayed Quote.4.80%
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Financials (USD)
Sales 2019 28 085 M
EBIT 2019 7 833 M
Net income 2019 3 915 M
Debt 2019 2 523 M
Yield 2019 4,73%
P/E ratio 2019 8,92x
P/E ratio 2020 9,87x
EV / Sales2019 1,49x
EV / Sales2020 1,49x
Capitalization 39 234 M
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Technical analysis trends ANGLO AMERICAN
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 30,00  $
Last Close Price 27,92  $
Spread / Highest target 52,1%
Spread / Average Target 7,44%
Spread / Lowest Target -19,0%
EPS Revisions
Managers
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Non-Executive Director
Anthony Martin O'Neill Technical Director & Director
Jack Edward Thompson Independent Non-Executive Director
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