Anglo American (LON:AAL – Get Free Report) was downgraded by analysts at Berenberg Bank to a “sell” rating in a report released on Wednesday, MarketBeat reports. They presently 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 indicates a potential downside of 19.68% from the stock’s current price.
Several other research analysts also recently commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Anglo American in a report on Tuesday, April 9th. Bank of America restated a “buy” rating and set a GBX 3,100 ($39.33) price target on shares of Anglo American in a report on Wednesday. Royal Bank of Canada boosted their price target on Anglo American from GBX 2,300 ($29.18) to GBX 3,100 ($39.33) and gave the company an “outperform” rating in a report on Monday, May 13th. Finally, Citigroup restated a “buy” rating and set a GBX 3,000 ($38.06) price target on shares of Anglo American in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,775.71 ($35.21).
Check Out Our Latest Stock Analysis on Anglo American
Anglo American Stock Down 1.5 %
Insider Buying and Selling
In related news, insider Stuart J. Chambers bought 694 shares of the firm’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 related news, insider John Heasley sold 12,085 shares of the company’s stock in a transaction on Monday, April 15th. The shares were 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 bought 694 shares of the company’s 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, with a total value of £17,100.16 ($21,692.45). Insiders bought a total of 704 shares of company stock worth $1,735,051 in the last three months. Insiders own 9.94% of the company’s stock.
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.
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