Anglo American (LON:AAL – Get Free Report)‘s stock had its “sell” rating reaffirmed by research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a GBX 2,000 ($25.62) price target on the mining company’s stock. Berenberg Bank’s target price indicates a potential downside of 15.95% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Citigroup reaffirmed a “buy” rating and set a GBX 3,000 ($38.43) target price on shares of Anglo American in a research note on Friday, May 31st. JPMorgan Chase & Co. reduced their price target on Anglo American from GBX 2,735 ($35.03) to GBX 2,590 ($33.18) and set an “overweight” rating on the stock in a report on Wednesday, July 3rd. Royal Bank of Canada increased their price target on Anglo American from GBX 2,300 ($29.46) to GBX 3,100 ($39.71) and gave the stock an “outperform” rating in a report on Monday, May 13th. Finally, Bank of America reiterated a “buy” rating and issued a GBX 3,100 ($39.71) price target on shares of Anglo American in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,752.50 ($35.26).
Get Our Latest Stock Report on Anglo American
Anglo American Trading Down 1.4 %
Insiders Place Their Bets
In related news, insider Stuart J. Chambers bought 694 shares of the company’s stock in a transaction on Friday, June 21st. The shares were acquired at an average price of GBX 2,464 ($31.56) per share, with a total value of £17,100.16 ($21,903.62). In related news, insider Stuart J. Chambers bought 694 shares of the company’s stock in a transaction on Friday, June 21st. The shares were acquired at an average price of GBX 2,464 ($31.56) per share, with a total value of £17,100.16 ($21,903.62). Also, insider John Heasley sold 12,085 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($28.49), for a total value of £268,770.40 ($344,268.48). Insiders have bought 704 shares of company stock worth $1,735,051 in the last ninety days. 9.94% of the stock is owned by company insiders.
About Anglo American
Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.
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