Berenberg Bank Cuts Anglo American (LON:AAL) Price Target to GBX 4,100

Anglo American (LON:AAL) had its target price lowered by Berenberg Bank from GBX 4,200 to GBX 4,100 in a report released on Friday morning, Marketbeat reports. The brokerage currently has a hold rating on the mining company’s stock.

Several other equities research analysts have also recently weighed in on AAL. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,000 price target on shares of Anglo American in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research note on Friday, July 10th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 3,668.75.

Anglo American Price Performance

Shares of Anglo American stock opened at GBX 3,721 on Friday. The company has a debt-to-equity ratio of 86.09, a quick ratio of 1.27 and a current ratio of 1.98. Anglo American has a 52-week low of GBX 2,042 and a 52-week high of GBX 4,239. The company’s 50 day moving average price is GBX 3,776.22 and its 200-day moving average price is GBX 3,563.92. The stock has a market capitalization of £39.87 billion, a price-to-earnings ratio of -11.28, a P/E/G ratio of 2.05 and a beta of 0.97.

Insider Activity

In other Anglo American news, insider Magali Anderson bought 213 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of GBX 3,725 per share, for a total transaction of £7,934.25. Also, insider Stuart J. Chambers purchased 487 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of GBX 3,725 per share, with a total value of £18,140.75. Over the last three months, insiders have acquired 912 shares of company stock valued at $3,399,843. Company insiders own 0.43% of the company’s stock.

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.