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

Berenberg Bank reissued their sell rating on shares of Anglo American (LON:AAL) in a research report released on Thursday morning, Marketbeat.com reports. They currently have a GBX 2,100 ($27.27) price objective on the mining company’s stock.

AAL has been the topic of several other reports. Deutsche Bank Aktiengesellschaft cut their price objective on Anglo American from GBX 2,900 ($37.65) to GBX 2,700 ($35.06) and set a “buy” rating on the stock in a research report on Monday, September 9th. JPMorgan Chase & Co. cut their price objective on Anglo American from GBX 2,735 ($35.51) to GBX 2,590 ($33.63) and set an “overweight” rating on the stock in a research report on Wednesday, July 3rd. Finally, Bank of America reaffirmed a “buy” rating and set a GBX 3,100 ($40.25) price objective on shares of Anglo American in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,715 ($35.25).

Anglo American Stock Performance

Anglo American stock opened at GBX 2,414.14 ($31.34) on Thursday. The stock’s 50 day simple moving average is GBX 2,248.01 and its two-hundred day simple moving average is GBX 2,349.34. The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a market cap of £29.21 billion, a price-to-earnings ratio of -2,340.87, a PEG ratio of 2.05 and a beta of 1.10. Anglo American has a fifty-two week low of GBX 1,630 ($21.16) and a fifty-two week high of GBX 2,813 ($36.52).

Insider Buying and Selling

In related news, insider Marcelo Bastos purchased 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of GBX 2,131 ($27.67) per share, for a total transaction of £25,572 ($33,201.77). Insiders have purchased 1,214 shares of company stock worth $2,587,244 in the last 90 days. Insiders own 9.78% of the company’s stock.

About Anglo American

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.