Anglo American (LON:AAL) Upgraded at Berenberg Bank

Key Points

• Berenberg Bank has upgraded Anglo American's rating to "hold" with a new price target of GBX 2,300, reflecting a downgrade from the previous target of GBX 1,900.
• Other analysts, including Citigroup and Deutsche Bank, have also adjusted their target prices for Anglo American, indicating a mix of ratings from "buy" to "neutral."
• Anglo American stock has increased by 3.1% recently, with a current market cap of £27.43 billion and an average price target consensus of GBX 2,216 from multiple analysts.

Berenberg Bank upgraded shares of Anglo American (LON:AAL - Free Report) to a hold rating in a research note released on Tuesday, Marketbeat Ratings reports. The firm currently has GBX 2,300 price target on the mining company's stock, up from their previous price target of GBX 1,900.

AAL has been the topic of a number of other research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 1,980 price objective on shares of Anglo American in a report on Wednesday, August 20th. Citigroup increased their price objective on Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a "neutral" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,600 price target on shares of Anglo American in a report on Monday, July 28th. Finally, Royal Bank Of Canada lowered their price target on Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating on the stock in a report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 2,216.

Anglo American Stock Performance

Shares of AAL stock traded up GBX 19 on Tuesday, hitting GBX 2,555. 3,630,066 shares of the stock were exchanged, compared to its average volume of 5,696,244. The firm's 50 day moving average is GBX 2,235.82 and its two-hundred day moving average is GBX 2,180.36. The firm has a market capitalization of £27.30 billion, a PE ratio of -654.69, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. Anglo American has a one year low of GBX 1,900.01 and a one year high of GBX 2,999.77.

Insider Activity

In other news, insider Nonkululeko Nyembezi acquired 347 shares of Anglo American stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average cost of GBX 2,044 per share, for a total transaction of £7,092.68. Also, insider Magali Anderson acquired 341 shares of Anglo American stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average price of GBX 2,044 per share, for a total transaction of £6,970.04. In the last three months, insiders have bought 1,579 shares of company stock worth $3,231,325. 0.43% of the stock is currently owned by 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.