Berenberg Bank Reaffirms Sell Rating for Anglo American (LON:AAL)

Berenberg Bank reaffirmed their sell rating on shares of Anglo American (LON:AAL - Free Report) in a research note released on Tuesday morning, MarketBeat reports. The firm currently has a GBX 2,100 ($26.53) target price on the mining company's stock.

A number of other analysts also recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Anglo American from GBX 2,160 ($27.29) to GBX 2,190 ($27.67) and gave the company a "neutral" rating in a report on Wednesday. Citigroup reiterated a "top pick" rating on shares of Anglo American in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Anglo American has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,698.33 ($34.09).

Anglo American Price Performance

Shares of AAL traded up GBX 11 ($0.14) during mid-day trading on Tuesday, hitting GBX 2,440 ($30.83). 2,035,354 shares of the company were exchanged, compared to its average volume of 3,348,907. The stock has a market cap of £37.11 billion, a price-to-earnings ratio of -22.47, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. Anglo American has a 1-year low of GBX 1,657.60 ($20.94) and a 1-year high of GBX 2,813 ($35.54). The company has a 50 day moving average of GBX 2,422.88 and a 200-day moving average of GBX 2,342.10.

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Insider Activity

In other news, insider Nonkululeko Nyembezi purchased 297 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of GBX 2,348 ($29.67) per share, with a total value of £6,973.56 ($8,810.56). Corporate insiders own 9.78% of the company's stock.

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.