Berenberg Bank Reaffirms “Sell” Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “sell” rating reaffirmed by research analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat.com reports. They presently have a GBX 2,100 ($26.43) price objective on the mining company’s stock. Berenberg Bank’s price target would suggest a potential downside of 11.24% from the company’s current price.

Several other research firms have also weighed in on AAL. JPMorgan Chase & Co. increased their target price on Anglo American from GBX 2,160 ($27.18) to GBX 2,190 ($27.56) and gave the company a “neutral” rating in a research note on Wednesday. Citigroup reissued a “top pick” rating on shares of Anglo American in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,698.33 ($33.95).

Anglo American Price Performance

Anglo American stock opened at GBX 2,365.93 ($29.77) on Tuesday. The business’s 50-day simple moving average is GBX 2,425.16 and its 200 day simple moving average is GBX 2,340.09. The stock has a market cap of £35.98 billion, a price-to-earnings ratio of -21.79, a P/E/G ratio of 2.05 and a beta of 1.10. Anglo American has a 12-month low of GBX 1,657.60 ($20.86) and a 12-month high of GBX 2,813 ($35.40). The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Transactions at Anglo American

In other Anglo American news, insider Nonkululeko Nyembezi purchased 297 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of GBX 2,348 ($29.55) per share, with a total value of £6,973.56 ($8,775.08). 9.78% of the stock is currently owned by insiders.

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.