Canaccord Genuity Reiterates Hold Rating for BHP Billiton (BLT)
BHP Billiton (LON:BLT)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Wednesday, StockRatingsNetwork reports. They currently have a GBX 2,040 ($33.49) price target on the stock. Canaccord Genuity’s price objective indicates a potential upside of 10.00% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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). Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Wednesday. Finally, 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. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 2,028.48 ($33.30).
Shares of BHP Billiton (LON:BLT) opened at 1836.00 on Wednesday. BHP Billiton has a 52 week low of GBX 1644.00 and a 52 week high of GBX 2251.50. The stock’s 50-day moving average is GBX 1822. and its 200-day moving average is GBX 1869.. The company’s market cap is £97.722 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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