Berenberg Bank Issues Positive Forecast for Anglo American (LON:AAL) Stock Price

Anglo American (LON:AAL) had its price target lifted by Berenberg Bank from GBX 3,600 to GBX 4,100 in a research note issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s target price indicates a potential upside of 14.91% from the stock’s previous close.

AAL has been the topic of a number of other reports. UBS Group reaffirmed a “buy” rating and set a GBX 3,500 price target on shares of Anglo American in a research report on Friday, January 23rd. Citigroup raised Anglo American to a “buy” rating and upped their price target for the stock from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,188.57.

Anglo American Stock Performance

Shares of AAL stock opened at GBX 3,568 on Wednesday. The business’s fifty day simple moving average is GBX 3,400.03 and its 200-day simple moving average is GBX 3,179.40. The company has a market cap of £38.23 billion, a PE ratio of -10.81, a PEG ratio of 2.05 and a beta of 0.94. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 91.60. Anglo American has a 12-month low of GBX 1,987.20 and a 12-month high of GBX 3,877.

Insider Buying and Selling

In other Anglo American news, insider Anne Wade purchased 525 shares of the 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. Insiders have acquired 542 shares of company stock valued at $1,657,589 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

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.