BHP Billiton Rating Reiterated by Goldman Sachs (BLT)
BHP Billiton (LON:BLT)‘s stock had its “neutral” rating restated by equities research analysts at Goldman Sachs in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 1,800 ($29.53) target price on the stock. Goldman Sachs’ price objective suggests a potential downside of 3.23% from the company’s current price.
BHP Billiton (LON:BLT) traded up 0.73% on Wednesday, hitting GBX 1862.50. The stock had a trading volume of 7,398,187 shares. BHP Billiton has a one year low of GBX 1644.00 and a one year high of GBX 2251.50. The stock’s 50-day moving average is GBX 1821. and its 200-day moving average is GBX 1867.. The company’s market cap is £99.132 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of BHP Billiton in a research note on Tuesday. They now have a GBX 2,250 ($36.92) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton in a research note on Tuesday. They now have a GBX 2,100 ($34.45) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton in a research note on Monday. They now have a GBX 2,400 ($39.38) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 2,058.20 ($33.77).
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.