BHP Billiton Given Outperform Rating at BMO Capital Markets (BLT)
BHP Billiton (LON:BLT)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a GBX 2,250 ($36.93) price target on the stock. BMO Capital Markets’ target price would suggest a potential upside of 21.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton in a research note to investors on Wednesday. They now have a GBX 2,040 ($33.49) price target on the stock. Separately, analysts at HSBC downgraded shares of BHP Billiton to a “neutral” rating in a research note to investors on Wednesday. They now have a GBX 1,940 ($31.85) price target on the stock, down previously from GBX 2,140 ($35.13). Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Wednesday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,037.71 ($33.45).
BHP Billiton (LON:BLT) traded down 1.46% on Wednesday, hitting GBX 1827.50. 4,498,699 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 1822. and a 200-day moving average of GBX 1869.. The company’s market cap is £97.269 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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