Anglo American (LON:AAL) Rating Reiterated by Berenberg Bank

Anglo American (LON:AAL)‘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).

Anglo American Price Performance

Shares of LON AAL traded up GBX 50 ($0.65) during midday trading on Thursday, reaching GBX 2,444 ($31.73). 16,477,721 shares of the stock traded hands, compared to its average volume of 6,561,459. The stock has a market capitalization of £29.57 billion, a PE ratio of -2,357.21, a P/E/G ratio of 2.05 and a beta of 1.10. The company’s 50 day moving average is GBX 2,243.95 and its 200 day moving average is GBX 2,343.93. The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. Anglo American has a one year low of GBX 1,630 ($21.16) and a one year high of GBX 2,813 ($36.52).

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.