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

Berenberg Bank reiterated their sell rating on shares of Anglo American (LON:AAL) in a research note released on Thursday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 2,100 ($27.27) price objective on the mining company’s stock.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. cut 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 on the stock in a report on Wednesday, July 3rd. Bank of America reissued a “buy” rating and set 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 decreased their target price 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 investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,715 ($35.25).

Anglo American Price Performance

LON AAL opened at GBX 2,434.50 ($31.61) on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 62.94. Anglo American has a 1 year low of GBX 1,630 ($21.16) and a 1 year high of GBX 2,813 ($36.52). The company has a market cap of £29.46 billion, a PE ratio of -2,340.87, a PEG ratio of 2.05 and a beta of 1.10. The stock’s 50-day moving average price is GBX 2,248.01 and its two-hundred day moving average price is GBX 2,349.34.

Insider Buying and Selling

In other news, insider Marcelo Bastos bought 1,200 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of GBX 2,131 ($27.67) per share, with a total value of £25,572 ($33,201.77). Over the last ninety days, insiders bought 1,214 shares of company stock worth $2,587,244. Corporate insiders own 9.78% of the company’s stock.

Anglo American Company Profile

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.