Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Anglo American    AAL   GB00B1XZS820

News SummaryMost relevantAll newsSector newsTweets

European shares retreat after seven sessions of gains, Cobham plunges

share with twitter share with LinkedIn share with facebook
share via e-mail
02/16/2017 | 06:11pm CEST
Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt

European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham (>> Cobham plc).

European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham (>> Cobham plc).

Companies like NN Group (>> NN Group) and Drax (>> Drax Group Plc) also dragged the market lower after their disappointing updates.

The pan-European STOXX 600 <.STOXX> fell 0.4 percent after recent gains to a two-month high on Wednesday.

Cobham led the STOXX 600 lower after slumping 15.3 to its lowest level since August 2005.

The sharp sell-off came after the company missed a profit target that had already been repeatedly lowered and took a charge on a troubled contract with Boeing, capping "an incredibly turbulent and disappointing year" for the defence and aerospace group.

The company said 2017 could be even worse as it struggles to fix operational problems in difficult markets. Its shares have already more than halved in the last 12 months.

"Investors are ditching the stock as it looks like the problems at Cobham go further than anyone realised when all this started. There is every reason to think that management’s review of the business may throw up further concerns and more write-downs," said Neil Wilson, an analyst at ETX Capital.

Miners put pressure on the broader market. The STOXX Europe 600 Basic Resources index <.SXPP> fell 0.9 percent, the biggest sectoral decliner, as copper prices fell after China's overseas investment weakened and sentiment waned over demand in the world's top copper user. [MET/L]

Shares in Anglo American (>> Anglo American plc), Antofagasta (>> Antofagasta plc) and Rio Tinto (>> Rio Tinto plc) fell 0.2 to 2 percent.

Elsewhere, Dutch insurance company NN Group (>> NN Group) dropped 7.6 percent after its fourth quarter core profit missed expectations, while power producer Drax (>> Drax Group Plc) fell 5.3 percent after saying it was reviewing its dividend policy.

However, broader market losses were partly offset by stronger airlines. Air France-KLM (>> Air France-KLM) jumped 12.6 percent after reporting better-than-expected operating profit for 2016 and said it had made a "resilient" start to 2017.

Shares in International Consolidates Airlines Group (>> International Consolidated Airlns Grp SA) and Lufthansa (>> Deutsche Lufthansa AG) rose 0.6 percent and 2.2 percent respectively.

Shares in German fashion house Hugo Boss (>> Hugo Boss AG) rose 6.6 percent, the biggest gainer in the STOXX 600, after a report that the holding company of Belgium's richest man, Albert Frere, has taken a stake of nearly 3 percent and wants to increase it further.

Mobile telecom equipment maker Ericsson (>> Telefonaktiebolaget LM Ericsson) advanced 4.4 percent on a media report saying that Cisco was open to larger acquisitions, while IT services group Capgemini (>> Cap Gemini) added 3 percent after saying that it was targeting higher 2017 earnings.

(Additional reporting by Danilo Masoni; Editing by Gareth Jones)

By Atul Prakash

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ANGLO AMERICAN
08/18 Anglo American swims against the current in backing fuel cells
08/16 Miners boost FTSE as Admiral Group hits stormy seas
08/14 ANGLO AMERICAN : Holding(s) in Company
08/11 FTSE hits three month low as miners wobble
08/10 Worst day in four months for FTSE as ex-divs, housebuilders weigh
08/10 Cyclicals and ex-divs send European shares to four-month low
08/10 Patrick Evans to be new CEO of Canada's Dominion Diamond
08/10 ANGLO AMERICAN : ex-dividend day for interim dividend
08/07 Resources stocks help keep FTSE 100 at seven-week high
08/03 ANGLO AMERICAN : rough diamond sales value for De Beers' sixth sales cycle of 20..
More news
News from SeekingAlpha
08/15 Rio Tinto downgraded from Top Pick at RBC as China property market slows
08/13 THE NEST EGG PORTFOLIO : ArcelorMittal - A Forgotten Dividend Star Ready To Shin..
08/07 China iron ore gains lift Rio Tinto, BHP to 52-week highs
08/03 Basic Materials 'Safer' Dividend Dog Net Gains Led By Tahoe In July/August
08/01 DE BEERS : China Catalyst?
Financials ($)
Sales 2017 24 671 M
EBIT 2017 5 043 M
Net income 2017 2 613 M
Debt 2017 5 863 M
Yield 2017 4,62%
P/E ratio 2017 7,71
P/E ratio 2018 10,11
EV / Sales 2017 1,18x
EV / Sales 2018 1,17x
Capitalization 23 126 M
Duration : Period :
Anglo American Technical Analysis Chart | AAL | GB00B1XZS820 | 4-Traders
Technical analysis trends ANGLO AMERICAN
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 17,1 $
Spread / Average Target 3,6%
EPS Revisions
Mark Cutifani Chief Executive Officer & Executive Director
John Parker Non-Executive Chairman
Stephen Thomas Pearce Executive Director & Finance Director
Anthony Martin O'Neill Director & Technical Director
Philip Roy Hampton Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN10.34%23 126
BHP BILLITON PLC3.41%100 980
RIO TINTO8.58%81 752
GRUPO MEXICO S.A. DE C.V.2.29%25 157