Berenberg Bank Reiterates "Sell" Rating for Anglo American (LON:AAL)

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 reiterated by research analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 1,900 price target on the mining company's stock. Berenberg Bank's price target would suggest a potential downside of 22.91% from the stock's current price.

A number of other analysts also recently weighed in on AAL. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,600 target price on shares of Anglo American in a research report on Monday, July 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 1,980 price objective on shares of Anglo American in a report on Wednesday, August 20th. Citigroup raised their price target on Anglo American from GBX 2,200 to GBX 2,300 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, 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 report on Monday, August 4th. One equities 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 2,136.

Anglo American Price Performance

AAL stock traded up GBX 181.63 during mid-day trading on Thursday, reaching GBX 2,464.63. 10,541,767 shares of the company traded hands, compared to its average volume of 5,683,602. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The company has a market capitalization of £26.34 billion, a P/E ratio of -631.53, a P/E/G ratio of 2.05 and a beta of 1.10. Anglo American has a 52-week low of GBX 1,900.01 and a 52-week high of GBX 2,999.77. The company has a fifty day moving average price of GBX 2,211.86 and a 200-day moving average price of GBX 2,174.89.

Insiders Place Their Bets

In other news, insider Magali Anderson bought 341 shares of Anglo American stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of GBX 2,044 per share, with a total value of £6,970.04. Also, insider Nonkululeko Nyembezi bought 347 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were acquired at an average cost of GBX 2,044 per share, with a total value of £7,092.68. Over the last 90 days, insiders have acquired 1,579 shares of company stock worth $3,231,325. 0.43% of the stock is owned by corporate insiders.

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.