BHP Billiton Given “Neutral” Rating at JPMorgan Chase & Co. (BLT)
BHP Billiton (LON:BLT)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, Analyst RN reports.
BHP Billiton (LON:BLT) traded down 0.57% during mid-day trading on Thursday, hitting GBX 1823.50. 5,576,925 shares of the company’s stock traded hands. 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 1823. and a 200-day moving average of GBX 1870.. The company’s market cap is £97.056 billion.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of BHP Billiton in a research note to investors on Wednesday. They now have a GBX 2,250 ($36.93) price target on the stock. Separately, 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. Finally, 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). Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,048.13 ($33.62).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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