Anglo American (LON:AAL – Get Free Report)‘s stock had its “sell” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They presently have a GBX 2,100 ($27.27) price objective on the mining company’s stock. Berenberg Bank’s target price points to a potential downside of 14.08% from the stock’s previous close.
Several other analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Anglo American from GBX 2,900 ($37.65) to GBX 2,700 ($35.06) and set a “buy” rating for the company in a research note on Monday, September 9th. Bank of America restated a “buy” rating and issued a GBX 3,100 ($40.25) price objective on shares of Anglo American in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Anglo American from GBX 2,735 ($35.51) to GBX 2,590 ($33.63) and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($35.25).
Check Out Our Latest Stock Analysis on AAL
Anglo American Price Performance
Insider Activity at Anglo American
In related news, insider Marcelo Bastos acquired 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of GBX 2,131 ($27.67) per share, with a total value of £25,572 ($33,201.77). Insiders purchased 1,214 shares of company stock valued at $2,587,244 in the last three months. 9.78% of the stock is owned by 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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