BHP Billiton plc Rating Lowered to Neutral at HSBC (BLT)
BHP Billiton plc (LON:BLT) was downgraded by investment analysts at HSBC to a “neutral” rating in a note issued to investors on Tuesday, AR Network reports. They currently have a GBX 2,010 ($33.77) price objective on the stock, up from their previous price objective of GBX 1,940 ($32.59). HSBC’s target price would indicate a potential upside of 4.76% from the company’s current price.
BHP Billiton plc (LON:BLT) traded up 0.85% during mid-day trading on Tuesday, hitting GBX 1918.6899. 5,266,931 shares of the company’s stock traded hands. BHP Billiton plc has a 1-year low of GBX 1644.00 and a 1-year high of GBX 2032.5001. The stock has a 50-day moving average of GBX 1874. and a 200-day moving average of GBX 1867.. The company’s market cap is £102.1 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Monday. They now have a GBX 2,500 ($42.00) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Wednesday, April 23rd. They now have a GBX 2,100 ($35.28) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Thursday, April 17th. They now have a GBX 2,100 ($35.28) price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,066.81 ($34.72).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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