Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Anglo American (LON:AAL) Stock

Anglo American (LON:AAL) had its price objective increased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 3,800 to GBX 4,500 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the mining company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 7.59% from the stock’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Anglo American from GBX 2,780 to GBX 3,160 and gave the company an “underweight” rating in a research note on Tuesday, May 26th. Berenberg Bank cut their target price on Anglo American from GBX 4,100 to GBX 4,000 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Anglo American currently has an average rating of “Hold” and an average price target of GBX 3,437.14.

Anglo American Stock Down 1.0%

Shares of AAL stock opened at GBX 4,182.63 on Wednesday. Anglo American has a 12 month low of GBX 1,987.20 and a 12 month high of GBX 4,239. The firm has a market cap of £44.82 billion, a PE ratio of -12.67, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. The stock has a 50 day moving average of GBX 3,585.63 and a 200-day moving average of GBX 3,330.39. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 91.60.

Insider Activity at Anglo American

In other news, insider Anne Wade bought 525 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of GBX 3,050 per share, for a total transaction of £16,012.50. Insiders acquired 549 shares of company stock valued at $1,685,981 in the last three months. Corporate insiders own 0.43% of the company’s stock.

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.