Anglo American (LON:AAL) Given New GBX 3,900 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank cut Anglo American’s price target from GBX 4,700 to GBX 3,900 while maintaining a “buy” rating, implying roughly 1.06% upside from the current share price.
• Analyst sentiment is mixed: Anglo American has an overall “hold” consensus rating, with an average price target of GBX 3,864.29.
• The shares opened at GBX 3,859 and were down 1.1%, while company insiders purchased 841 shares valued at approximately £3.4 million over the past quarter.

Anglo American (LON:AAL - Get Free Report) had its target price cut by analysts at Deutsche Bank Aktiengesellschaft from GBX 4,700 to GBX 3,900 in a research note issued on Wednesday, Digital Look reports. The brokerage currently has a "buy" rating on the mining company's stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 1.06% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Berenberg Bank reiterated a "hold" rating and issued a GBX 4,300 target price on shares of Anglo American in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an "underweight" rating in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 3,864.29.

Anglo American Trading Down 1.1%

Shares of AAL opened at GBX 3,859 on Wednesday. The business's 50-day moving average price is GBX 4,063.71 and its 200 day moving average price is GBX 3,851.67. The stock has a market capitalization of £41.35 billion, a P/E ratio of -15.31, a P/E/G ratio of 2.05 and a beta of 0.95. Anglo American has a 1-year low of GBX 2,639 and a 1-year high of GBX 4,643.80. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59.

Insider Transactions at Anglo American

In other Anglo American news, insider Stuart J. Chambers bought 446 shares of the firm's stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average price of GBX 4,067 per share, with a total value of £18,138.82. Also, insider Nonkululeko Nyembezi purchased 178 shares of the stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of GBX 4,067 per share, for a total transaction of £7,239.26. Insiders acquired a total of 841 shares of company stock valued at $3,417,995 over the last quarter. Company insiders own 0.37% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.