BHP Billiton Rating Lowered to Neutral at HSBC (BLT)
BHP Billiton (LON:BLT) was downgraded by analysts at HSBC to a “neutral” rating in a research report issued to clients and investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 1,940 ($31.85) target price on the stock, down from their previous target price of GBX 2,140 ($35.13). HSBC’s target price suggests a potential upside of 4.61% from the company’s current price.
A number of other analysts have also recently weighed in on BLT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Wednesday. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of BHP Billiton in a research note to investors on Tuesday. They now have a GBX 2,250 ($36.93) price target on the stock. Finally, analysts at UBS AG cut their price target on shares of BHP Billiton from GBX 2,090 ($34.31) to GBX 2,060 ($33.81) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,028.48 ($33.30).
Shares of BHP Billiton (LON:BLT) opened at 1832.00 on Wednesday. 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 1822. and a 200-day moving average of GBX 1869.. The company’s market cap is £97.509 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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