BHP Billiton Given New GBX 2,150 Price Target at JPMorgan Chase & Co. (BLT)
JPMorgan Chase & Co. lowered their price target on shares of BHP Billiton (LON:BLT) from GBX 2,300 ($37.72) to GBX 2,150 ($35.26) in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 18.72% from the stock’s previous close.
A number of other firms have also recently commented on BLT. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Tuesday. They now have a GBX 2,130 ($34.94) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of BHP Billiton in a research note to investors on Friday, December 20th. They now have a GBX 2,250 ($36.90) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton in a research note to investors on Wednesday, December 18th. They now have a GBX 2,100 ($34.44) price target on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 2,058.27 ($33.76).
Shares of BHP Billiton (LON:BLT) traded down 0.96% during mid-day trading on Wednesday, hitting GBX 1811.00. 5,706,405 shares of the company’s stock traded hands. BHP Billiton has a one year low of GBX 1644.00 and a one year high of GBX 2251.50. The stock has a 50-day moving average of GBX 1837. and a 200-day moving average of GBX 1861.. The company’s market cap is £96.391 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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