Anglo American (LON:AAL) Rating Increased to Hold 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 issued to investors on Tuesday, Marketbeat.com reports. The firm currently has GBX 2,300 target price on the mining company's stock, up from their prior target price of GBX 1,900.

AAL has been the topic of several other reports. 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 report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,600 price objective on shares of Anglo American in a report on Monday, July 28th. Citigroup boosted 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, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 1,980 price objective on shares of Anglo American in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 2,216.

Anglo American Trading Up 0.2%

LON:AAL traded up GBX 5 during trading hours on Tuesday, reaching GBX 2,560. 4,188,519 shares of the company were exchanged, compared to its average volume of 5,687,773. The stock has a 50 day simple moving average of GBX 2,235.82 and a 200 day simple moving average of GBX 2,179.08. The firm has a market cap of £27.36 billion, a price-to-earnings ratio of -655.97, a PEG ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. Anglo American has a 52-week low of GBX 1,900.01 and a 52-week high of GBX 2,999.77.

Insider Buying and Selling

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