Berenberg Bank Reiterates Sell Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “sell” rating restated by stock analysts at Berenberg Bank in a report released on Friday, Digital Look reports. They presently have a GBX 2,100 ($27.16) price target on the mining company’s stock. Berenberg Bank’s target price would suggest a potential downside of 10.24% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada raised their target price on Anglo American from GBX 2,300 ($29.75) to GBX 3,100 ($40.09) and gave the company an “outperform” rating in a report on Monday, May 13th. Bank of America reissued a “buy” rating and set a GBX 3,100 ($40.09) price objective on shares of Anglo American in a research report on Wednesday, June 26th. Citigroup reiterated a “buy” rating and issued a GBX 3,000 ($38.80) price target on shares of Anglo American in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Anglo American from GBX 2,735 ($35.37) to GBX 2,590 ($33.50) and set an “overweight” rating on the stock in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Anglo American presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,765 ($35.76).

Anglo American Trading Down 1.7 %

AAL stock traded down GBX 40.50 ($0.52) during mid-day trading on Friday, hitting GBX 2,339.50 ($30.26). 1,228,211 shares of the company were exchanged, compared to its average volume of 4,806,699. The business has a fifty day simple moving average of GBX 2,430.38 and a 200-day simple moving average of GBX 2,173.62. The firm has a market capitalization of £28.31 billion, a P/E ratio of 13,052.78, a PEG ratio of 2.48 and a beta of 1.22. Anglo American has a 12-month low of GBX 1,630 ($21.08) and a 12-month high of GBX 2,813 ($36.38). The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 53.49.

Insider Activity at Anglo American

In other news, insider Stuart J. Chambers bought 694 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of GBX 2,464 ($31.87) per share, with a total value of £17,100.16 ($22,116.09). Insiders purchased a total of 704 shares of company stock valued at $1,735,051 over the last ninety days. Insiders own 9.94% of the company’s stock.

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.