Anglo American (LON:AAL) Price Target Cut to GBX 4,000 by Analysts at Berenberg Bank

Anglo American (LON:AAL) had its price target cut by analysts at Berenberg Bank from GBX 4,100 to GBX 4,000 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price objective points to a potential upside of 7.27% from the company’s previous close.

Several other analysts also recently weighed in on AAL. Citigroup upgraded Anglo American to a “buy” rating and lifted their price objective for the company from GBX 3,300 to GBX 4,500 in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Anglo American from GBX 2,770 to GBX 2,780 and gave the company an “underweight” rating in a report on Wednesday, April 29th. Finally, UBS Group restated a “buy” rating and issued a GBX 3,500 price objective on shares of Anglo American in a report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 3,111.43.

Anglo American Stock Performance

Anglo American stock opened at GBX 3,729 on Tuesday. The company has a 50 day moving average price of GBX 3,444.97 and a 200-day moving average price of GBX 3,256.43. The company has a debt-to-equity ratio of 91.60, a quick ratio of 1.28 and a current ratio of 1.98. Anglo American has a fifty-two week low of GBX 1,987.20 and a fifty-two week high of GBX 4,118.50. The company has a market capitalization of £39.96 billion, a PE ratio of -11.30, a P/E/G ratio of 2.05 and a beta of 0.96.

Insider Buying and Selling

In other Anglo American news, insider Anne Wade acquired 525 shares of Anglo American stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of GBX 3,050 per share, with a total value of £16,012.50. Insiders have purchased a total of 549 shares of company stock valued at $1,685,981 over the last ninety days. Insiders own 0.43% of the company’s stock.

About Anglo American

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.