BNP Paribas Reiterates “underperform” Rating for BHP Billiton (BLT)
BHP Billiton (LON:BLT)‘s stock had its “underperform” rating restated by equities research analysts at BNP Paribas in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,650 ($26.68) price target on the stock. BNP Paribas’ price target points to a potential downside of 14.17% from the company’s current price.
BHP Billiton (LON:BLT) opened at 1937.0001 on Thursday. BHP Billiton has a 52 week low of GBX 1644.00 and a 52 week high of GBX 2251.50. The stock has a 50-day moving average of GBX 1863. and a 200-day moving average of GBX 1856.. The company’s market cap is £103.1 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of BHP Billiton from GBX 2,350 ($38.00) to GBX 2,400 ($38.81) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of BHP Billiton from GBX 2,090 ($33.80) to GBX 2,190 ($35.41) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of BHP Billiton in a research note to investors on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 2,105.28 ($34.04).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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