Anglo American (LON:AAL) Given Sell Rating at Berenberg Bank

Anglo American (LON:AAL)‘s stock had its “sell” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 2,100 ($26.12) target price on the mining company’s stock. Berenberg Bank’s price target would indicate a potential downside of 14.95% from the stock’s current price.

A number of other brokerages have also issued reports on AAL. Citigroup reaffirmed a “top pick” rating on shares of Anglo American in a research note on Thursday, December 12th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($33.76).

Anglo American Stock Performance

Shares of LON AAL traded up GBX 19 ($0.24) during trading hours on Thursday, reaching GBX 2,469 ($30.71). The stock had a trading volume of 7,242,703 shares, compared to its average volume of 3,561,690. Anglo American has a fifty-two week low of GBX 1,657.60 ($20.61) and a fifty-two week high of GBX 2,813 ($34.98). The firm has a 50-day moving average of GBX 2,432 and a 200-day moving average of GBX 2,333.60. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 62.94. The firm has a market cap of £29.87 billion, a price-to-earnings ratio of -2,374.04, a PEG ratio of 2.05 and a beta of 1.10.

Insider Activity at Anglo American

In other news, insider Nonkululeko Nyembezi purchased 297 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of GBX 2,348 ($29.20) per share, with a total value of £6,973.56 ($8,672.50). 9.78% of the stock is currently owned by company insiders.

Anglo American Company Profile

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.