Anglo American (LON:AAL) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Anglo American plc (LON:AAL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,335.91 ($29.40) and traded as high as GBX 2,532.50 ($31.88). Anglo American shares last traded at GBX 2,463 ($31.00), with a volume of 1,534,954 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on AAL. Berenberg Bank reaffirmed a “sell” rating and set a GBX 2,100 ($26.43) target price on shares of Anglo American in a research note on Thursday, February 6th. Citigroup restated a “top pick” rating on shares of Anglo American in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Anglo American in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Anglo American presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,765 ($34.80).

Anglo American Stock Down 0.1 %

The stock has a market capitalization of £37.46 billion, a P/E ratio of -22.68, a P/E/G ratio of 2.05 and a beta of 1.10. The company’s 50-day moving average price is GBX 2,429.70 and its 200 day moving average price is GBX 2,336.77. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98.

Insider Activity

In other Anglo American news, insider Nonkululeko Nyembezi bought 297 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of GBX 2,348 ($29.55) per share, for a total transaction of £6,973.56 ($8,777.29). Insiders own 9.78% of the company’s stock.

Anglo American Company Profile

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.