Anglo American (LON:AAL) Given New GBX 4,000 Price Target at Berenberg Bank

Anglo American (LON:AALGet Rating) had its price objective lowered by Berenberg Bank from GBX 4,300 ($55.95) to GBX 4,000 ($52.04) in a report published on Thursday, Marketbeat Ratings reports. The firm currently has a buy rating on the mining company’s stock.

AAL has been the subject of a number of other research reports. Morgan Stanley restated an equal weight rating and issued a GBX 3,700 ($48.14) price objective on shares of Anglo American in a research report on Thursday, April 14th. Liberum Capital cut Anglo American to a hold rating and set a GBX 3,020 ($39.29) target price for the company. in a report on Thursday, January 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Anglo American from GBX 4,100 ($53.34) to GBX 4,300 ($55.95) and gave the company a buy rating in a report on Tuesday, April 5th. Barclays reiterated an equal weight rating and issued a GBX 3,150 ($40.98) target price on shares of Anglo American in a research note on Wednesday, April 13th. Finally, Royal Bank of Canada raised their target price on shares of Anglo American from GBX 4,200 ($54.64) to GBX 4,400 ($57.25) and gave the company an outperform rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy and an average target price of GBX 3,677.50 ($47.85).

LON:AAL opened at GBX 3,588 ($46.68) on Thursday. The stock’s fifty day moving average price is GBX 3,860.14 and its two-hundred day moving average price is GBX 3,294.65. Anglo American has a 52-week low of GBX 2,350 ($30.58) and a 52-week high of GBX 4,996.80 ($65.01). The company has a debt-to-equity ratio of 37.20, a quick ratio of 1.24 and a current ratio of 1.79. The company has a market cap of £47.99 billion and a price-to-earnings ratio of 6.80.

The company also recently announced a dividend, which will be paid on Tuesday, April 26th. Investors of record on Thursday, March 17th will be issued a $1.68 dividend. The ex-dividend date is Thursday, March 17th. This represents a yield of 3.52%. Anglo American’s payout ratio is 0.46%.

In other news, insider Stephen Pearce sold 61,100 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of GBX 3,919 ($50.99), for a total transaction of £2,394,509 ($3,115,416.34).

About Anglo American (Get Rating)

Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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