Anglo American (LON:AAL) Given New GBX 1,900 Price Target at Berenberg Bank

Anglo American (LON:AAL) had its price objective reduced by equities researchers at Berenberg Bank from GBX 2,000 ($27.30) to GBX 1,900 ($25.93) in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a “sell” rating on the mining company’s stock. Berenberg Bank’s target price would indicate a potential downside of 15.03% from the company’s previous close.

Anglo American Stock Down 1.2%

Shares of AAL opened at GBX 2,236.18 ($30.52) on Thursday. The firm has a 50 day simple moving average of GBX 2,143.24 and a two-hundred day simple moving average of GBX 2,245.56. 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 one year low of GBX 1,900.01 ($25.93) and a one year high of GBX 2,999.77 ($40.94). The company has a market cap of £34.01 billion, a P/E ratio of -20.59, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Activity

In other Anglo American news, insider Magali Anderson bought 341 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of GBX 2,044 ($27.90) per share, for a total transaction of £6,970.04 ($9,512.82). Also, insider Stuart J. Chambers bought 859 shares of the stock in a transaction on Wednesday, June 25th. The shares were acquired at an average cost of GBX 2,044 ($27.90) per share, with a total value of £17,557.96 ($23,963.37). In the last quarter, insiders have acquired 1,578 shares of company stock worth $3,228,564. Insiders own 9.78% of the company’s stock.

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.