Anglo American's (AAL) Sell Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reiterated a "sell" rating for Anglo American (AAL) and set a target price of GBX 1,900, indicating a potential downside of 16.48% from the company’s last close.
• While Berenberg maintains a sell rating, other analysts show mixed sentiments with a consensus rating of "Hold" and an average target price of GBX 2,136.
• Insider transactions revealed that Anglo American executives recently purchased shares at an average price of GBX 2,044, reflecting their confidence in the company's future.

Anglo American (LON:AAL - Get Free Report)'s stock had its "sell" rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 1,900 target price on the mining company's stock. Berenberg Bank's target price would suggest a potential downside of 16.48% from the company's previous close.

Several other research analysts have also issued reports on AAL. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,600 price target on shares of Anglo American in a research report on Monday, July 28th. Royal Bank Of Canada dropped their price objective on Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 1,980 price target on shares of Anglo American in a research note on Wednesday, August 20th. Finally, Citigroup lifted their price target on Anglo American from GBX 2,200 to GBX 2,300 and gave the company a "neutral" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of GBX 2,136.

Anglo American Stock Down 0.6%

LON:AAL opened at GBX 2,275 on Thursday. Anglo American has a 12-month low of GBX 1,900.01 and a 12-month high of GBX 2,999.77. 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 capitalization of £24.29 billion, a P/E ratio of -791.96, a P/E/G ratio of 2.05 and a beta of 1.10. The stock's fifty day simple moving average is GBX 2,204.42 and its 200-day simple moving average is GBX 2,181.75.

Insider Transactions at Anglo American

In related news, insider Magali Anderson purchased 341 shares of the stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of GBX 2,044 per share, for a total transaction of £6,970.04. Also, insider Nonkululeko Nyembezi acquired 347 shares of Anglo American stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of GBX 2,044 per share, for a total transaction of £7,092.68. Over the last ninety days, insiders purchased 1,579 shares of company stock worth $3,231,325. Corporate insiders own 0.43% of the company's stock.

Anglo American Company Profile

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.

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