BHP Billiton Rating Lowered to Reduce at AlphaValue (BLT)
BHP Billiton (LON:BLT) was downgraded by equities researchers at AlphaValue to a “reduce” rating in a research report issued on Tuesday, American Banking News.com reports. They currently have a GBX 1,732 ($27.79) price objective on the stock, down from their previous price objective of GBX 1,972.70 ($31.65). AlphaValue’s price target would indicate a potential downside of 3.88% from the stock’s previous close.
BHP Billiton (LON:BLT) opened at 1769.50 on Tuesday. BHP Billiton has a 52-week low of GBX 1644.00 and a 52-week high of GBX 2251.50. The stock’s 50-day moving average is GBX 1915. and its 200-day moving average is GBX 1883.. The company’s market cap is £94.182 billion.
BLT has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Tuesday. They now have a GBX 2,500 ($40.11) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Billiton in a research note to investors on Monday, September 30th. They now have a GBX 2,345 ($37.62) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Friday, September 27th. They now have a GBX 2,200 ($35.30) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,078.93 ($33.35).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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