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

Anglo American (LON:AAL) was downgraded by research analysts at Berenberg Bank to a “sell” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 2,000 ($25.37) price target on the mining company’s stock, down from their prior price target of GBX 3,000 ($38.06). Berenberg Bank’s price target points to a potential downside of 19.68% from the company’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Anglo American in a report on Tuesday, April 9th. Royal Bank of Canada lifted their target price on Anglo American from GBX 2,300 ($29.18) to GBX 3,100 ($39.33) and gave the stock an “outperform” rating in a report on Monday, May 13th. Bank of America reissued a “buy” rating and issued a GBX 3,100 ($39.33) price target on shares of Anglo American in a research note on Wednesday. Finally, Citigroup reissued a “buy” rating and issued a GBX 3,000 ($38.06) price target on shares of Anglo American in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,775.71 ($35.21).

Anglo American Price Performance

Shares of LON AAL opened at GBX 2,490 ($31.59) on Wednesday. Anglo American has a fifty-two week low of GBX 1,630 ($20.68) and a fifty-two week high of GBX 2,813 ($35.68). The firm’s 50-day simple moving average is GBX 2,523.09 and its 200 day simple moving average is GBX 2,099.71. The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 53.49. The stock has a market cap of £30.13 billion, a P/E ratio of 13,833.33, a P/E/G ratio of 2.48 and a beta of 1.22.

Insider Buying and Selling

In related news, insider Stuart J. Chambers bought 694 shares of Anglo American stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of GBX 2,464 ($31.26) per share, for a total transaction of £17,100.16 ($21,692.45). In other Anglo American news, insider John Heasley sold 12,085 shares of Anglo American stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($28.21), for a total value of £268,770.40 ($340,949.38). Also, insider Stuart J. Chambers purchased 694 shares of the company’s stock in a transaction on Friday, June 21st. The stock was acquired at an average cost of GBX 2,464 ($31.26) per share, for a total transaction of £17,100.16 ($21,692.45). In the last ninety days, insiders purchased 704 shares of company stock worth $1,735,051. 9.94% of the stock is currently owned by insiders.

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.