Berenberg Bank Issues Pessimistic Forecast for Anglo American (LON:AAL) Stock Price

Anglo American (LON:AAL) had its price objective lowered by equities research analysts at Berenberg Bank from GBX 4,200 to GBX 4,100 in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has a “hold” rating on the mining company’s stock. Berenberg Bank’s target price points to a potential upside of 10.19% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Anglo American from GBX 3,800 to GBX 4,500 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,000 price target on shares of Anglo American in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the company 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’s stock. According to MarketBeat.com, Anglo American currently has an average rating of “Hold” and an average price target of GBX 3,668.75.

Anglo American Stock Performance

LON:AAL opened at GBX 3,721 on Friday. The firm has a market cap of £39.87 billion, a PE ratio of -11.28, a price-to-earnings-growth ratio of 2.05 and a beta of 0.97. Anglo American has a fifty-two week low of GBX 2,042 and a fifty-two week high of GBX 4,239. 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 business has a 50 day moving average price of GBX 3,776.22 and a 200-day moving average price of GBX 3,560.89.

Insider Activity

In other Anglo American news, insider Stuart J. Chambers purchased 487 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of GBX 3,725 per share, with a total value of £18,140.75. Also, insider Magali Anderson purchased 213 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of GBX 3,725 per share, for a total transaction of £7,934.25. Over the last three months, insiders have acquired 912 shares of company stock valued at $3,399,843. Company insiders own 0.43% of the company’s stock.

About Anglo American

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.