BHP Billiton plc Downgraded by Zacks to Underperform (BBL)
BHP Billiton plc (NYSE:BBL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, American Banking & Market News reports. They currently have a $57.20 target price on the stock. Zacks‘ target price indicates a potential downside of 3.31% from the stock’s previous close.
Shares of BHP Billiton plc (NYSE:BBL) remained flat at $59.16 during during mid-day trading trading on Wednesday. The stock had a trading volume of 297,351 shares. BHP Billiton plc has a one year low of $49.56 and a one year high of $72.40. The stock has a 50-day moving average of $59.40 and a 200-day moving average of $57.5. The company has a market cap of $157.4 billion and a price-to-earnings ratio of 14.52.
BHP Billiton plc is a diversified natural resources company. The Company operates nine customer sector groups (NYSE:BBL): petroleum, aluminium, base metals (including uranium), diamonds and specialty products, stainless steel materials, iron ore, manganese, metallurgical coal and energy coal.
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