BHP Billiton Rating Lowered to hold at Investec (BLT)
BHP Billiton (LON:BLT) was downgraded by equities researchers at Investec to a “hold” rating in a research report issued on Monday, American Banking News reports. They currently have a GBX 2,013.15 ($32.55) target price on the stock. Investec’s target price would indicate a potential upside of 8.15% from the company’s current price.
BHP Billiton (LON:BLT) opened at 1876.00 on Monday. 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 1863. and its 200-day moving average is GBX 1856.. The company’s market cap is £99.851 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Monday. They now have a GBX 2,020 ($32.66) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of BHP Billiton from GBX 2,050 ($33.15) to GBX 2,025 ($32.75) in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of BHP Billiton from GBX 2,345 ($37.92) to GBX 2,300 ($37.19) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,086.58 ($33.74).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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