Anglo American (LON:AAL) Receives Sell Rating from Berenberg Bank

Berenberg Bank restated their sell rating on shares of Anglo American (LON:AAL) in a research note released on Thursday, Digital Look reports. The firm currently has a GBX 2,100 ($27.27) price target on the mining company’s stock.

A number of other research analysts have also commented on AAL. JPMorgan Chase & Co. reduced their price target on shares of Anglo American from GBX 2,735 ($35.51) to GBX 2,590 ($33.63) and set an “overweight” rating for the company in a research report on Wednesday, July 3rd. Bank of America restated a “buy” rating and issued a GBX 3,100 ($40.25) target price on shares of Anglo American in a research note on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on 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 report on Monday, September 9th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,715 ($35.25).

Anglo American Stock Performance

LON:AAL traded up GBX 51.70 ($0.67) on Thursday, reaching GBX 2,445.70 ($31.75). 16,553,365 shares of the company’s stock were exchanged, compared to its average volume of 6,561,459. The firm has a market cap of £29.59 billion, a price-to-earnings ratio of -2,350.00, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a fifty day simple moving average of GBX 2,243.95 and a 200-day simple moving average of GBX 2,343.93. Anglo American has a 52 week low of GBX 1,630 ($21.16) and a 52 week high of GBX 2,813 ($36.52).

Insider Buying and Selling

In other Anglo American news, insider Marcelo Bastos acquired 1,200 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average price of GBX 2,131 ($27.67) per share, for a total transaction of £25,572 ($33,201.77). Insiders have purchased a total of 1,214 shares of company stock worth $2,587,244 in the last ninety days. 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.