Anglo American (LON:AAL) Stock Rating Reaffirmed by Berenberg Bank

Anglo American (LON:AAL – Get Rating)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report released on Monday, Marketbeat Ratings reports. They currently have a GBX 4,000 ($49.32) target price on the mining company’s stock. Berenberg Bank’s target price points to a potential upside of 21.73% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 3,400 ($41.92) price target on shares of Anglo American in a report on Wednesday, May 4th. Liberum Capital downgraded shares of Anglo American to a “hold” rating and set a GBX 3,020 ($37.23) price target for the company. in a report on Thursday, January 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a research report on Tuesday, March 15th. Morgan Stanley restated an “equal weight” rating and set a GBX 3,700 ($45.62) price objective on shares of Anglo American in a research report on Thursday, April 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Anglo American from GBX 4,100 ($50.55) to GBX 4,300 ($53.01) and gave the company a “buy” rating in a research report on Tuesday, April 5th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 3,583.75 ($44.18).

AAL opened at GBX 3,286 ($40.51) on Monday. The company has a 50 day moving average of GBX 3,806.65 and a 200 day moving average of GBX 3,369.56. The company has a market cap of £43.95 billion and a PE ratio of 6.06. Anglo American has a 12 month low of GBX 2,350 ($28.97) and a 12 month high of GBX 4,996.80 ($61.61). The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 37.20.

In other news, insider Stephen Pearce sold 61,100 shares of Anglo American stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of GBX 3,919 ($48.32), for a total transaction of £2,394,509 ($2,952,174.82).

About Anglo American (Get Rating)

Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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