Anglo American (LON:AAL) Receives Sell Rating from Berenberg Bank

Anglo American (LON:AAL)‘s stock had its “sell” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 2,100 ($26.49) target price on the mining company’s stock. Berenberg Bank’s price objective would suggest a potential downside of 11.17% from the stock’s previous close.

Several other brokerages also recently commented on AAL. JPMorgan Chase & Co. upped their price objective on Anglo American from GBX 2,160 ($27.25) to GBX 2,190 ($27.63) and gave the company a “neutral” rating in a research report on Wednesday. Citigroup reaffirmed a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Anglo American currently has an average rating of “Moderate Buy” and an average price target of GBX 2,698.33 ($34.04).

Anglo American Trading Down 3.6 %

Anglo American stock traded down GBX 89 ($1.12) during mid-day trading on Tuesday, hitting GBX 2,364 ($29.82). The company’s stock had a trading volume of 4,558,085 shares, compared to its average volume of 3,367,893. The company has a 50 day moving average of GBX 2,429.88 and a 200-day moving average of GBX 2,338.49. The stock has a market cap of £35.95 billion, a PE ratio of -21.77, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. Anglo American has a one year low of GBX 1,657.60 ($20.91) and a one year high of GBX 2,813 ($35.49).

Insider Buying and Selling at Anglo American

In other news, insider Nonkululeko Nyembezi acquired 297 shares of Anglo American stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of GBX 2,348 ($29.62) per share, for a total transaction of £6,973.56 ($8,797.22). 9.78% of the stock is currently owned by company insiders.

About Anglo American

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.