BHP Billiton Stock Rating Reaffirmed by Goldman Sachs Group Inc. (BLT)
BHP Billiton (LON:BLT)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs Group Inc. in a report issued on Tuesday, ARN reports. They currently have a GBX 2,500 ($40.11) price objective on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 38.73% from the company’s current price.
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.
A number of other firms have also recently commented on BLT. Analysts at AlphaValue downgraded shares of BHP Billiton to a “reduce” rating in a research note to investors on Tuesday. They now have a GBX 1,732 ($27.79) price target on the stock, down previously from GBX 1,972.70 ($31.65). Separately, 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. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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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