Berenberg Bank Cuts Anglo American (LON:AAL) Price Target to GBX 3,900

Anglo American (LON:AAL) had its price target decreased by Berenberg Bank from GBX 4,200 to GBX 3,900 in a research report sent to investors on Thursday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the mining company’s stock.

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

Anglo American Stock Down 2.6%

Shares of LON:AAL opened at GBX 3,290.46 on Thursday. The firm has a market capitalization of £35.12 billion, a PE ratio of -9.97, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. Anglo American has a 1 year low of GBX 1,900.01 and a 1 year high of GBX 3,877. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28. The firm’s 50-day moving average is GBX 3,409.94 and its two-hundred day moving average is GBX 2,961.62.

Insider Activity at Anglo American

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