Anglo American (OTCMKTS:NGLOY) Rating Increased to Strong-Buy at Berenberg Bank

Key Points

• Anglo American's rating was upgraded to Strong Buy by Berenberg Bank, indicating positive analyst sentiment.
• The company has an average rating of Moderate Buy and a consensus target price of $20.00.
• Anglo American's stock price increased by 4.1%, opening at $19.62, with a 52-week price range of $12.70 to $19.63.

Anglo American (OTCMKTS:NGLOY - Get Free Report) was upgraded by research analysts at Berenberg Bank from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Anglo American in a research note on Monday, August 4th. DZ Bank lowered Anglo American from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 11th. Finally, Citigroup reiterated a "neutral" rating on shares of Anglo American in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

Anglo American Stock Up 4.1%

OTCMKTS NGLOY opened at $19.62 on Wednesday. Anglo American has a 52 week low of $12.70 and a 52 week high of $19.63. The company has a fifty day moving average of $16.17 and a two-hundred day moving average of $14.91.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.