JPMorgan Chase & Co. Reiterates “Neutral” Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Monday. They currently have a GBX 2,150 ($36.62) price objective on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 13.80% from the stock’s previous close.
Shares of BHP Billiton plc (LON:BLT) traded down 1.26% on Monday, hitting GBX 1889.3101. The stock had a trading volume of 4,606,730 shares. 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 1910. and a 200-day moving average of GBX 1873.. The company’s market cap is £100.5 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of BHP Billiton plc in a research note on Friday. They now have a GBX 2,000 ($34.07) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Tuesday, June 24th. They now have a GBX 2,250 ($38.32) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Friday, June 20th. They now have a GBX 2,200 ($37.47) price target on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 2,027.60 ($34.54).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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