Berenberg Bank Cuts Anglo American (LON:AAL) Price Target to GBX 3,900

Key Points

• Berenberg Bank cut its price target on Anglo American to GBX 3,900 (from GBX 4,200) while retaining a "buy" rating, implying a potential 12.69% upside from the then-current price.
• Analyst views are mixed but generally positive—Anglo American has an average rating of "Moderate Buy" with a consensus target of GBX 3,160, and broker targets range from GBX 2,500 to GBX 4,500 (Citigroup at GBX 4,500).
• The shares traded around GBX 3,460.69 and insiders made purchases in December (1,138 shares acquired last quarter), with corporate insiders owning about 0.37% of the stock.

Anglo American (LON:AAL - Get Free Report) had its price target cut by investment analysts at Berenberg Bank from GBX 4,200 to GBX 3,900 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the mining company's stock. Berenberg Bank's price target suggests a potential upside of 12.69% from the company's current price.

A number of other brokerages have also issued reports on AAL. Citigroup upgraded shares of Anglo American to a "buy" rating and boosted their price target for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. UBS Group restated a "buy" rating and issued a GBX 3,500 price target on shares of Anglo American in a research note on Friday, January 23rd. Panmure Gordon reiterated a "hold" rating and issued a GBX 2,500 price objective on shares of Anglo American in a research report on Sunday, December 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a "neutral" rating in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Anglo American has an average rating of "Moderate Buy" and a consensus target price of GBX 3,160.

Anglo American Stock Performance

Shares of LON:AAL traded down GBX 57.31 during trading on Thursday, reaching GBX 3,460.69. The company had a trading volume of 3,334,265 shares, compared to its average volume of 39,310,211. Anglo American has a fifty-two week low of GBX 1,900.01 and a fifty-two week high of GBX 3,877. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28. The stock's fifty day moving average price is GBX 3,395.40 and its 200 day moving average price is GBX 2,944.45. The firm has a market capitalization of £36.93 billion, a price-to-earnings ratio of -8.87, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90.

Insider Buying and Selling at Anglo American

In related news, insider Stuart J. Chambers bought 609 shares of Anglo American stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average price of GBX 2,882 per share, with a total value of £17,551.38. Also, insider Nonkululeko Nyembezi purchased 246 shares of the company's stock in a transaction on Monday, December 22nd. The shares were bought at an average cost of GBX 2,882 per share, with a total value of £7,089.72. Insiders have acquired 1,138 shares of company stock valued at $3,279,316 over the last quarter. Corporate insiders own 0.37% of the company's stock.

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.

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