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

Anglo American (LON:AAL) had its price target increased by stock analysts at Berenberg Bank from GBX 4,000 to GBX 4,200 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s target price would suggest a potential upside of 5.55% from the company’s previous close.

A number of other research firms have also recently weighed in on AAL. Deutsche Bank Aktiengesellschaft upped their price target on Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Anglo American from GBX 2,780 to GBX 3,160 and gave the stock an “underweight” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Anglo American has an average rating of “Hold” and a consensus price target of GBX 3,465.71.

Anglo American Stock Down 2.1%

LON AAL opened at GBX 3,979 on Friday. The stock has a market cap of £42.63 billion, a PE ratio of -12.06, a P/E/G ratio of 2.05 and a beta of 0.96. Anglo American has a fifty-two week low of GBX 1,987.20 and a fifty-two week high of GBX 4,239. The business has a 50 day moving average price of GBX 3,655.64 and a two-hundred day moving average price of GBX 3,357.33. 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

In other Anglo American news, insider Anne Wade bought 525 shares of the business’s stock in a transaction on Monday, March 9th. The shares were bought at an average cost of GBX 3,050 per share, with a total value of £16,012.50. Over the last quarter, insiders purchased 549 shares of company stock valued at $1,685,981. 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.