Anglo American (LON:AAL – Get Free Report) had its target price hoisted by equities researchers at Berenberg Bank from GBX 4,000 to GBX 4,200 in a research note issued on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 5.55% from the company’s current price.
Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Anglo American from GBX 3,800 to GBX 4,500 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Anglo American from GBX 2,780 to GBX 3,160 and gave the company an “underweight” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Anglo American has a consensus rating of “Hold” and an average target price of GBX 3,465.71.
Anglo American Stock Performance
Insider Activity
In other Anglo American news, insider Anne Wade purchased 525 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was bought at an average price of GBX 3,050 per share, with a total value of £16,012.50. Insiders acquired a total of 549 shares of company stock valued at $1,685,981 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.
Anglo American Company Profile
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.
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