Sanford C. Bernstein Reiterates “Market Perform” Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “market perform” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Thursday. They currently have a GBX 2,000 ($33.96) price objective on the stock. Sanford C. Bernstein’s price objective would suggest a potential downside of 0.57% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Wednesday. They now have a GBX 1,935 ($32.86) price target on the stock. Separately, 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. Finally, 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. 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. BHP Billiton plc currently has an average rating of “Hold” and an average price target of GBX 2,010.20 ($34.13).
Shares of BHP Billiton plc (LON:BLT) opened at 2011.50 on Thursday. BHP Billiton plc has a 1-year low of GBX 1336.3101 and a 1-year high of GBX 2102.00. The stock’s 50-day moving average is GBX 1971. and its 200-day moving average is GBX 1904.. The company’s market cap is £107.0 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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