Canaccord Genuity Reiterates Hold Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a report issued on Monday. They currently have a GBX 2,100 ($35.21) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 12.42% from the stock’s previous close.
BHP Billiton plc (LON:BLT) opened at 1886.00 on Monday. BHP Billiton plc has a 52-week low of GBX 1644.00 and a 52-week high of GBX 2017.4999. The stock has a 50-day moving average of GBX 1926. and a 200-day moving average of GBX 1870.. The company’s market cap is £100.4 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Friday. They now have a GBX 2,500 ($41.91) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BHP Billiton plc in a research note on Tuesday, May 27th. They now have a GBX 2,000 ($33.53) price target on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of BHP Billiton plc to a “hold” rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,049.44 ($34.36).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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