Berenberg Bank lowered shares of Anglo American (LON:AAL – Free Report) to a sell rating in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage currently has GBX 2,000 ($25.37) target price on the mining company’s stock, down from their prior target price of GBX 3,000 ($38.06).
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reiterated an overweight rating on shares of Anglo American in a research report on Tuesday, April 9th. Royal Bank of Canada lifted their price target on shares of Anglo American from GBX 2,300 ($29.18) to GBX 3,100 ($39.33) and gave the company an outperform rating in a research report on Monday, May 13th. Bank of America reiterated a buy rating and set a GBX 3,100 ($39.33) price target on shares of Anglo American in a research report on Wednesday. Finally, Citigroup reissued a buy rating and set a GBX 3,000 ($38.06) price objective on shares of Anglo American in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Anglo American presently has a consensus rating of Moderate Buy and an average price target of GBX 2,775.71 ($35.21).
Check Out Our Latest Stock Analysis on AAL
Anglo American Trading Up 0.5 %
Insider Activity at Anglo American
In other Anglo American news, insider Stuart J. Chambers bought 694 shares of Anglo American stock in a transaction that occurred on Friday, June 21st. The shares were acquired at an average price of GBX 2,464 ($31.26) per share, for a total transaction of £17,100.16 ($21,692.45). In related news, insider John Heasley sold 12,085 shares of Anglo American stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($28.21), for a total transaction of £268,770.40 ($340,949.38). Also, insider Stuart J. Chambers acquired 694 shares of the business’s stock in a transaction on Friday, June 21st. The stock was purchased at an average price of GBX 2,464 ($31.26) per share, for a total transaction of £17,100.16 ($21,692.45). In the last 90 days, insiders have acquired 704 shares of company stock worth $1,735,051. 9.94% of the stock is currently owned by corporate insiders.
About Anglo American
Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.
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