Anglo American (LON:AAL – Get Free Report) had its price objective upped by Berenberg Bank from GBX 2,000 ($25.94) to GBX 2,100 ($27.23) in a research note issued to investors on Thursday, Digital Look reports. The brokerage presently has a “sell” rating on the mining company’s stock. Berenberg Bank’s price objective indicates a potential downside of 6.50% from the stock’s previous close.
Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on Anglo American from GBX 2,735 ($35.47) to GBX 2,590 ($33.59) and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. Royal Bank of Canada lifted their target price on Anglo American from GBX 2,300 ($29.83) to GBX 3,100 ($40.20) and gave the company an “outperform” rating in a research note on Monday, May 13th. Bank of America reiterated a “buy” rating and issued a GBX 3,100 ($40.20) target price on shares of Anglo American in a research note on Wednesday, June 26th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 3,000 ($38.91) target price on shares of Anglo American in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Anglo American currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,765 ($35.86).
Read Our Latest Stock Report on AAL
Anglo American Stock Performance
Insider Activity at Anglo American
In other Anglo American news, insider Stuart J. Chambers purchased 694 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of GBX 2,464 ($31.95) per share, for a total transaction of £17,100.16 ($22,176.32). Insiders have acquired a total of 704 shares of company stock worth $1,735,051 over the last three months. 9.94% of the stock is currently owned by corporate insiders.
Anglo American Company Profile
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.
Recommended Stories
- Five stocks we like better than Anglo American
- How to Invest in Biotech Stocks
- Why This AI Stock is Rising Despite Tech Sell-Off
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Investors Are Moving into Bonds and Small Cap Stocks: Here’s Why
- EV Stocks and How to Profit from Them
- MarketBeat Week in Review – 7/15 – 7/19
Receive News & Ratings for Anglo American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American and related companies with MarketBeat.com's FREE daily email newsletter.