Berenberg Bank Issues Pessimistic Forecast for Anglo American (LON:AAL) Stock Price

Anglo American (LON:AAL) had its target price reduced by Berenberg Bank from GBX 4,200 to GBX 3,900 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price target would suggest a potential upside of 18.52% from the stock’s previous close.

AAL has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Citigroup upgraded Anglo American to a “buy” rating and upped their price target for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. UBS Group reiterated a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a research note on Friday, January 23rd. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 2,500 target price on shares of Anglo American in a report on Sunday, December 14th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 3,160.

Anglo American Stock Down 2.6%

Shares of Anglo American stock opened at GBX 3,290.46 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 91.60. Anglo American has a 12-month low of GBX 1,900.01 and a 12-month high of GBX 3,877. The company has a market cap of £35.12 billion, a P/E ratio of -9.97, a PEG ratio of 2.05 and a beta of 0.90. The company’s fifty day simple moving average is GBX 3,409.94 and its two-hundred day simple moving average is GBX 2,956.07.

Insider Activity

In other news, insider Magali Anderson purchased 273 shares of Anglo American stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average price of GBX 2,882 per share, with a total value of £7,867.86. Also, insider Nonkululeko Nyembezi acquired 246 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average price of GBX 2,882 per share, with a total value of £7,089.72. Insiders have bought a total of 1,138 shares of company stock worth $3,279,316 over the last 90 days. 0.37% of the stock is currently owned by insiders.

Anglo American Company Profile

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.