Berenberg Bank restated their sell rating on shares of Anglo American (LON:AAL – Free Report) 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).
View Our Latest Stock Report on Anglo American
Anglo American Stock Performance
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.
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