Anglo American (LON:AAL) Price Target Cut to GBX 4,000 by Analysts at Berenberg Bank

Anglo American (LON:AAL) had its price objective decreased by investment analysts at Berenberg Bank from GBX 4,100 to GBX 4,000 in a report released on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s target price would indicate a potential upside of 7.27% from the company’s current price.

A number of other brokerages also recently issued reports on AAL. JPMorgan Chase & Co. raised their price target on Anglo American from GBX 2,770 to GBX 2,780 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. UBS Group reissued a “buy” rating and issued a GBX 3,500 price objective on shares of Anglo American in a research note on Friday, January 23rd. Finally, Citigroup raised shares of Anglo American to a “buy” rating and raised their price objective for the stock 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, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Anglo American presently has a consensus rating of “Hold” and an average price target of GBX 3,111.43.

Anglo American Stock Down 1.4%

Shares of LON:AAL opened at GBX 3,729 on Tuesday. The company has a market cap of £39.96 billion, a price-to-earnings ratio of -11.30, a PEG ratio of 2.05 and a beta of 0.96. The company has a 50-day moving average price of GBX 3,444.97 and a 200 day moving average price of GBX 3,256.43. Anglo American has a 12 month low of GBX 1,987.20 and a 12 month high of GBX 4,118.50. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 91.60.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Anne Wade bought 525 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of GBX 3,050 per share, for a total transaction of £16,012.50. Insiders acquired 549 shares of company stock worth $1,685,981 in the last ninety days. 0.43% of the stock is currently owned by company 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.