UBS AG Lowers BHP Billiton Price Target to GBX 2,060 (BLT)
Research analysts at UBS AG reduced their target price on shares of BHP Billiton (LON:BLT) from GBX 2,090 ($34.31) to GBX 2,060 ($33.81) in a report released on Tuesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential upside of 11.08% from the company’s current price.
BLT has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton in a research note to investors on Thursday, January 16th. They now have a GBX 2,100 ($34.47) price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of BHP Billiton to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a GBX 2,100 ($34.47) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of BHP Billiton in a research note to investors on Tuesday, January 14th. They now have a GBX 1,850 ($30.37) price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,052.30 ($33.69).
Shares of BHP Billiton (LON:BLT) traded down 1.70% during mid-day trading on Tuesday, hitting GBX 1854.50. 7,749,151 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £98.706 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.