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

ANGLO AMERICAN PLC

(AAL)
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FTSE posts slight weekly gain as oil stocks rise

04/07/2017 | 12:02pm EST
People walk through the lobby of the London Stock Exchange in London

LONDON (Reuters) - Britain's top share index rose on Friday in choppy trade as oil stocks extended gains, bucking a broader risk-off move across markets after a U.S. cruise missile strike in Syria.

The blue chip FTSE 100 <.FTSE> index was up 0.6 percent at 7,349.37 points at its close, reversing earlier losses and posting a gain of 0.4 percent for the week.

UK oil stocks added the most points to the index, around 15 points, with Royal Dutch Shell <RDSa.L> and BP (>> BP plc) both rising 1.7 and 1.3 percent respectively.

The underlying oil price rose close to a one-month high after the U.S. fired dozens of cruise missiles at a Syrian airbase from which it said a deadly chemical weapons attack was launched this week. [O/R]

Broker Deutsche Bank was latest to turn positive on the European energy sector, which has struggled so far this year, upgrading it to a "tactical overweight".

"The energy sector has only recently started to catch up with the move in the oil price – and should benefit if USD weakness leads to further upside for oil," strategists at Deutsche Bank said in a note.

Likewise defence firm BAE Systems (>> BAE Systems plc) was a top riser, up 2.4 percent, in line with U.S. peers Lockheed Martin (>> Lockheed Martin Corporation) and Raytheon (>> Raytheon Company), which makes the Tomahawk cruise missiles used in the strike.

Precious metals miners also rose as investors fled to safe-haven assets such as gold, the underlying commodity. Shares in Randgold Resources (>> Randgold Resources Limited) were the top gainers, rising 4.3 percent, and silver and gold miner Fresnillo (>> Fresnillo Plc) gained 1.8 percent.

Broker activity also drove the action on the single stock level, with shares in Wolseley (>> Wolseley plc) down 0.1 percent after HSBC cut its rating to "hold" on the heating and plumbing products supplier.

"We believe the business is reasonably fully valued. There are, perhaps, other inflation plays in the sector with more upside for those who want it," analysts at HSBC said in a note.

ITV (>> ITV plc) was another faller, down 0.5 percent after JP Morgan cut its rating on the stock to "neutral" from "overweight", citing further weakness in UK advertising trends.

UK supermarkets were a bright spot, as Tesco (>> Tesco PLC) and Sainsbury (>> J Sainsbury plc) both advanced more than 2 percent after UBS began its coverage of both stocks with a "buy" rating.

UBS was less positive on online grocer Ocado (>> Ocado Group PLC), which dropped 5.4 percent after UBS cut it to "sell".

"We believe the market is moving against Ocado," analysts at UBS said in a note, citing growth rates slowing in online grocery and challenges from an inflationary environment.

(Reporting by Kit Rees; Additional reporting by Danilo Masoni; Editing by Toby Davis)

By Kit Rees


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ABERDEEN ASSET MANAGEMENT 0.00%End-of-day quote.23.44%
AMP LIMITED -0.96% 1.55 End-of-day quote.-0.64%
ANGLO AMERICAN PLC 0.43% 2675 Delayed Quote.9.86%
ANTOFAGASTA PLC 0.53% 1522.5 Delayed Quote.5.14%
BAE SYSTEMS PLC -1.53% 488 Delayed Quote.1.39%
BP PLC -0.69% 300.35 Delayed Quote.18.70%
FRESNILLO PLC 0.05% 1088 Delayed Quote.-3.72%
GLENCORE PLC -1.09% 276.85 Delayed Quote.20.13%
HSBC HOLDINGS PLC -0.06% 403 Delayed Quote.6.44%
HUNTING PLC 2.04% 219.8 Delayed Quote.-3.41%
ITV PLC -0.59% 109 Delayed Quote.2.67%
J SAINSBURY PLC 0.38% 238.9 Delayed Quote.5.54%
LOCKHEED MARTIN CORPORATION -0.05% 347.27 Delayed Quote.-2.17%
MSCI UNITED KINGDOM (STRD, UHD) -0.25% 1066.915 Real-time Quote.3.74%
NEXT PLC 1.02% 8100 Delayed Quote.13.15%
OCADO GROUP PLC 2.55% 2577 Delayed Quote.9.88%
ONE STOP SYSTEMS, INC. -4.04% 4.75 Delayed Quote.18.75%
RIO TINTO PLC 0.47% 5974 Delayed Quote.8.70%
RISE, INC. -4.17% 23 End-of-day quote.-4.17%
SILVER 3.25% 24.98 Delayed Quote.-5.99%
TESCO PLC 0.54% 242.9 Delayed Quote.4.41%
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Financials (USD)
Sales 2020 27 824 M - -
Net income 2020 2 474 M - -
Net Debt 2020 6 628 M - -
P/E ratio 2020 18,4x
Yield 2020 2,44%
Capitalization 49 521 M 49 498 M -
EV / Sales 2020 2,02x
EV / Sales 2021 1,64x
Nbr of Employees 60 000
Free-Float 89,4%
Chart ANGLO AMERICAN PLC
Duration : Period :
Anglo American plc Technical Analysis Chart | MarketScreener
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Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 38,78 $
Last Close Price 36,33 $
Spread / Highest target 31,3%
Spread / Average Target 6,76%
Spread / Lowest Target -33,8%
EPS Revisions
Managers and Directors
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Executive Director
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN PLC9.86%49 351
BHP GROUP7.12%167 742
RIO TINTO PLC8.70%135 240
GRUPO MÉXICO, S.A.B. DE C.V.4.85%34 742
FRESNILLO PLC-3.72%10 893
POLYMETAL INTERNATIONAL PLC-1.54%10 637