Anglo American (LON:AAL – Get Free Report)‘s stock had its “sell” rating restated by analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 2,100 ($27.16) target price on the mining company’s stock. Berenberg Bank’s price target would suggest a potential downside of 10.62% from the stock’s previous close.
AAL has been the topic of several other reports. Royal Bank of Canada raised their price objective on Anglo American from GBX 2,300 ($29.75) to GBX 3,100 ($40.09) and gave the company an “outperform” rating in a research note on Monday, May 13th. Bank of America reaffirmed a “buy” rating and set a GBX 3,100 ($40.09) target price on shares of Anglo American in a research report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their target price on Anglo American from GBX 2,735 ($35.37) to GBX 2,590 ($33.50) and set an “overweight” rating for the company in a research report on Wednesday, July 3rd. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 3,000 ($38.80) target price on shares of Anglo American in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,765 ($35.76).
View Our Latest Analysis on Anglo American
Anglo American Stock Down 1.3 %
Insider Buying and Selling
In related news, insider Stuart J. Chambers bought 694 shares of Anglo American stock in a transaction on Friday, June 21st. The stock was acquired at an average price of GBX 2,464 ($31.87) per share, with a total value of £17,100.16 ($22,116.09). In the last 90 days, insiders bought 704 shares of company stock valued at $1,735,051. 9.94% of the stock is owned by insiders.
About Anglo American
Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.
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