Anglo American (LON:AAL) Earns Hold Rating from Berenberg Bank

Anglo American (LON:AAL)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a report released on Thursday,Digital Look reports. They currently have a GBX 4,200 price target on the mining company’s stock. Berenberg Bank’s target price points to a potential upside of 4.22% from the company’s previous close.

AAL has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Anglo American from GBX 3,800 to GBX 4,500 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,000 price objective on shares of Anglo American in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. increased their target price on Anglo American from GBX 2,780 to GBX 3,160 and gave the stock an “underweight” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 3,657.50.

Anglo American Price Performance

LON:AAL opened at GBX 4,030 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 86.09. The stock’s 50 day moving average price is GBX 3,785.84 and its two-hundred day moving average price is GBX 3,431.26. The firm has a market capitalization of £43.18 billion, a price-to-earnings ratio of -12.21, a P/E/G ratio of 2.05 and a beta of 0.98. Anglo American has a 12-month low of GBX 1,987.20 and a 12-month high of GBX 4,239.

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.