Berenberg Bank Issues Pessimistic Forecast for Anglo American (LON:AAL) Stock Price

Anglo American (LON:AAL - Free Report) had its target price trimmed by Berenberg Bank from GBX 2,000 ($27.31) to GBX 1,900 ($25.95) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a sell rating on the mining company's stock.

Anglo American Price Performance

Shares of AAL traded down GBX 42 ($0.57) during mid-day trading on Thursday, hitting GBX 2,202 ($30.07). The company's stock had a trading volume of 835,100 shares, compared to its average volume of 3,529,202. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The firm has a 50-day simple moving average of GBX 2,143.24 and a 200 day simple moving average of GBX 2,243.73. The firm has a market capitalization of £33.49 billion, a P/E ratio of -20.28, a P/E/G ratio of 2.05 and a beta of 1.10. Anglo American has a 1-year low of GBX 1,900.01 ($25.95) and a 1-year high of GBX 2,999.77 ($40.96).

Insider Buying and Selling

In related news, insider Magali Anderson acquired 341 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was bought at an average price of GBX 2,044 ($27.91) per share, with a total value of £6,970.04 ($9,518.01). Also, insider Stuart J. Chambers acquired 859 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were bought at an average cost of GBX 2,044 ($27.91) per share, with a total value of £17,557.96 ($23,976.46). Over the last ninety days, insiders have acquired 1,578 shares of company stock worth $3,228,564. 9.78% of the stock is owned by company insiders.

Anglo American Company Profile

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.