BHP Billiton plc Rating Reiterated by Canaccord Genuity (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 1,935 ($32.86) price objective on the stock. Canaccord Genuity’s price target indicates a potential downside of 5.52% from the stock’s previous close.
Shares of BHP Billiton plc (LON:BLT) traded down 2.29% on Wednesday, hitting GBX 2048.00. 5,464,193 shares of the company’s stock traded hands. BHP Billiton plc has a 52 week low of GBX 1715.00 and a 52 week high of GBX 2102.00. The stock’s 50-day moving average is GBX 1964. and its 200-day moving average is GBX 1903.. The company’s market cap is £109.0 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of BHP Billiton plc in a research note on Wednesday. They now have a GBX 2,250 ($38.21) price target on the stock. Separately, analysts at Investec raised their price target on shares of BHP Billiton plc from GBX 2,092 ($35.52) to GBX 2,175 ($36.93) in a research note on Thursday, July 24th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Billiton plc in a research note on Thursday, July 24th. They now have a GBX 2,200 ($37.36) price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 2,010.20 ($34.13).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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