Deutsche Bank Aktiengesellschaft Reaffirms "Buy" Rating for Anglo American (LON:AAL)

Key Points

• Deutsche Bank Aktiengesellschaft has reaffirmed a "buy" rating for Anglo American, setting a price target of GBX 2,600 ($34.94), indicating a potential upside of 14.14% from the current stock price.
• Citigroup raised its price target from GBX 2,200 to GBX 2,300 ($30.91) while maintaining a "neutral" rating, and Berenberg Bank issued a "sell" rating with a target of GBX 1,900 ($25.53).
• Insiders of Anglo American have recently purchased 1,579 shares of the company's stock, indicating confidence in the company's future performance.

Anglo American (LON:AAL - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Monday, Marketbeat.com reports. They presently have a GBX 2,600 ($34.47) price objective on the mining company's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 20.84% from the stock's previous close.

AAL has been the subject of several other reports. Berenberg Bank reaffirmed a "sell" rating and issued a GBX 1,900 ($25.19) target price on shares of Anglo American in a research note on Thursday, July 24th. Citigroup lifted their target price on shares of Anglo American from GBX 2,200 ($29.17) to GBX 2,300 ($30.50) and gave the company a "neutral" rating in a report on Monday.

Anglo American Price Performance

Shares of LON AAL traded down GBX 79.41 ($1.05) during trading on Monday, hitting GBX 2,151.59 ($28.53). 3,931,547 shares of the company were exchanged, compared to its average volume of 3,503,780. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. Anglo American has a 1 year low of GBX 1,900.01 ($25.19) and a 1 year high of GBX 2,999.77 ($39.77). The company has a market cap of £32.72 billion, a price-to-earnings ratio of -19.81, a PEG ratio of 2.05 and a beta of 1.10. The firm's fifty day moving average price is GBX 2,192.95 and its 200 day moving average price is GBX 2,230.81.

Insider Activity

In other Anglo American news, insider Stuart J. Chambers acquired 859 shares of the stock in a transaction dated Wednesday, June 25th. The shares were bought at an average price of GBX 2,044 ($27.10) per share, with a total value of £17,557.96 ($23,280.24). Also, insider Nonkululeko Nyembezi purchased 347 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of GBX 2,044 ($27.10) per share, for a total transaction of £7,092.68 ($9,404.24). In the last quarter, insiders acquired 1,579 shares of company stock worth $3,232,235. Corporate insiders own 9.78% of the company's stock.

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.