Anglo American (LON:AAL) Price Target Raised to GBX 2,300

Key Points

• Anglo American's target price has been raised by Citigroup from GBX 2,200 to GBX 2,300, indicating a potential upside of 0.92% from its previous close.
• Berenberg Bank reiterated a "sell" rating for the company, setting a lower price objective of GBX 1,900.
• Recent insider activity includes purchases by executives totaling 1,579 shares, indicating confidence in the company's future performance.

Anglo American (LON:AAL - Get Free Report) had its target price raised by investment analysts at Citigroup from GBX 2,200 ($29.56) to GBX 2,300 ($30.91) in a report issued on Monday,London Stock Exchange reports. The brokerage presently has a "neutral" rating on the mining company's stock. Citigroup's target price suggests a potential upside of 0.92% from the company's previous close.

Separately, Berenberg Bank reissued a "sell" rating and issued a GBX 1,900 ($25.53) price objective on shares of Anglo American in a research note on Thursday.

Anglo American Price Performance

AAL stock opened at GBX 2,279 ($30.62) on Monday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. The firm has a market cap of £34.66 billion, a price-to-earnings ratio of -20.99, a PEG ratio of 2.05 and a beta of 1.10. The company's fifty day simple moving average is GBX 2,185.21 and its 200 day simple moving average is GBX 2,232.13. Anglo American has a 12-month low of GBX 1,900.01 ($25.53) and a 12-month high of GBX 2,999.77 ($40.31).

Insider Activity

In related news, insider Magali Anderson purchased 341 shares of Anglo American stock in a transaction on Wednesday, June 25th. The stock was acquired at an average cost of GBX 2,044 ($27.47) per share, for a total transaction of £6,970.04 ($9,365.82). Also, insider Nonkululeko Nyembezi purchased 347 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of GBX 2,044 ($27.47) per share, with a total value of £7,092.68 ($9,530.61). Insiders purchased 1,579 shares of company stock worth $3,232,235 in the last quarter. 9.78% of the stock is owned by corporate 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.

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