Berenberg Bank Cuts Anglo American (LON:AAL) Price Target to GBX 3,900

Anglo American (LON:AAL - Get Free Report) had its price target cut by investment analysts at Berenberg Bank from GBX 4,200 to GBX 3,900 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the mining company's stock. Berenberg Bank's price target suggests a potential upside of 12.69% from the company's current price.Get Anglo American alerts:A number of other brokerages have also issued reports on AAL. Citigroup upgraded shares of Anglo American to a "buy" rating and boosted their price target for the stock from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. UBS Group restated a "buy" rating and issued a GBX 3,500 price target on shares of Anglo American in a research note on Friday, January 23rd. Panmure Gordon reiterated a "hold" rating and issued a GBX 2,500 price objective on shares of Anglo American in a research report on Sunday, December 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a "neutral" rating in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Anglo American has an average rating of "Moderate Buy" and a consensus target price of GBX 3,160.View Our Latest Analysis on Anglo AmericanAnglo American Stock PerformanceShares of LON:AAL traded down GBX 57.31 during trading on Thursday, reaching GBX 3,460.69. The company had a trading volume of 3,334,265 shares, compared to its average volume of 39,310,211. Anglo American has a fifty-two week low of GBX 1,900.01 and a fifty-two week high of GBX 3,877. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28. The stock's fifty day moving average price is GBX 3,395.40 and its 200 day moving average price is GBX 2,944.45. The firm has a market capitalization of £36.93 billion, a price-to-earnings ratio of -8.87, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. Insider Buying and Selling at Anglo AmericanIn related news, insider Stuart J. Chambers bought 609 shares of Anglo American stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average price of GBX 2,882 per share, with a total value of £17,551.38. Also, insider Nonkululeko Nyembezi purchased 246 shares of the company's stock in a transaction on Monday, December 22nd. The shares were bought at an average cost of GBX 2,882 per share, with a total value of £7,089.72. Insiders have acquired 1,138 shares of company stock valued at $3,279,316 over the last quarter. Corporate insiders own 0.37% of the company's stock. About Anglo American (Get Free Report)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.Further ReadingFive stocks we like better than Anglo AmericanThe gold chart Wall Street is terrified of…America’s 1776 happening againWhat a Former CIA Agent Knows About the Coming Collapse“Fed Proof” Your Bank Account with THESE 4 Simple StepsUnlocked: Elon Musk’s Next Big IPOThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Anglo American Right Now?Before you consider Anglo American, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Anglo American wasn't on the list.While Anglo American currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here