Berenberg Bank reiterated their sell rating on shares of Anglo American (LON:AAL – Free Report) 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).
Check Out Our Latest Stock Analysis on AAL
Anglo American Price Performance
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.
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