Anglo American (LON:AAL) Given Sell Rating at Berenberg Bank

Berenberg Bank reaffirmed their sell rating on shares of Anglo American (LON:AAL) in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 2,100 ($26.83) price objective on the mining company’s stock.

A number of other brokerages have also commented on AAL. Citigroup reiterated a “top pick” rating on shares of Anglo American in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of Anglo American from GBX 2,160 ($27.60) to GBX 2,190 ($27.98) and gave the company a “neutral” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,698.33 ($34.48).

Anglo American Trading Up 7.6 %

Shares of AAL stock traded up GBX 134 ($1.71) during mid-day trading on Wednesday, reaching GBX 1,898.80 ($24.26). 433,271,281 shares of the stock traded hands, compared to its average volume of 10,098,077. The stock’s fifty day simple moving average is GBX 2,283.18 and its two-hundred day simple moving average is GBX 2,342.38. Anglo American has a 1-year low of GBX 1,673.40 ($21.38) and a 1-year high of GBX 2,813 ($35.94). The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. The company has a market cap of £28.88 billion, a price-to-earnings ratio of -17.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insider Activity

In other Anglo American news, insider Duncan Wanblad sold 22,708 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of GBX 2,388 ($30.51), for a total value of £542,267.04 ($692,904.47). Also, insider John Heasley sold 18,877 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of GBX 2,133 ($27.26), for a total transaction of £402,646.41 ($514,498.35). 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.