Berenberg Bank Cuts Anglo American (LON:AAL) Price Target to GBX 4,100

Anglo American (LON:AAL) had its price target cut by equities researchers at Berenberg Bank from GBX 4,200 to GBX 4,100 in a report released on Friday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the mining company’s stock. Berenberg Bank’s target price would indicate a potential upside of 10.01% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,000 price objective on shares of Anglo American in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an “underweight” rating in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 3,668.75.

Anglo American Stock Performance

Shares of AAL opened at GBX 3,727 on Friday. Anglo American has a 1 year low of GBX 2,042 and a 1 year high of GBX 4,239. The company has a market cap of £39.93 billion, a price-to-earnings ratio of -11.29, a price-to-earnings-growth ratio of 2.05 and a beta of 0.97. The company has a debt-to-equity ratio of 86.09, a quick ratio of 1.27 and a current ratio of 1.98. The firm has a fifty day moving average of GBX 3,776.97 and a 200-day moving average of GBX 3,559.76.

Insider Transactions at Anglo American

In other Anglo American news, insider Stuart J. Chambers purchased 487 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of GBX 3,725 per share, with a total value of £18,140.75. Also, insider Nonkululeko Nyembezi purchased 194 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of GBX 3,725 per share, for a total transaction of £7,226.50. Over the last quarter, insiders acquired 912 shares of company stock valued at $3,399,843. 0.43% of the stock is currently owned by corporate insiders.

Anglo American Company Profile

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.