Anglo American (LON:AAL) Price Target Cut to GBX 4,100 by Analysts at Berenberg Bank

Anglo American (LON:AAL) had its price target lowered by Berenberg Bank from GBX 4,200 to GBX 4,100 in a research report sent to investors on Friday, Marketbeat reports. Berenberg Bank currently has a hold rating on the mining company’s stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research note on Friday, July 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,000 target price on shares of Anglo American in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Anglo American currently has an average rating of “Hold” and a consensus price target of GBX 3,668.75.

Anglo American Stock Performance

LON AAL opened at GBX 3,721 on Friday. The company has a fifty day simple moving average of GBX 3,776.22 and a 200 day simple moving average of GBX 3,560.89. Anglo American has a 12-month low of GBX 2,042 and a 12-month high of GBX 4,239. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 86.09. The company has a market cap of £39.87 billion, a P/E ratio of -11.28, a PEG ratio of 2.05 and a beta of 0.97.

Insider Buying and Selling at Anglo American

In other news, insider Magali Anderson acquired 213 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of GBX 3,725 per share, with a total value of £7,934.25. Also, insider Nonkululeko Nyembezi bought 194 shares of Anglo American stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of GBX 3,725 per share, with a total value of £7,226.50. In the last three months, insiders have purchased 912 shares of company stock worth $3,399,843. Corporate insiders own 0.43% of the company’s stock.

About Anglo American

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.