BHP Billiton Limited Rating Lowered to Underperform at Credit Suisse (BHP)
BHP Billiton Limited (NYSE:BHP) was downgraded by equities research analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on BHP. Analysts at Cowen and Company raised their price target on shares of BHP Billiton Limited from $72.00 to $74.00 in a research note on Wednesday, July 30th. They now have a “market perform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BHP Billiton Limited in a research note on Monday, July 28th. They now have a $77.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of BHP Billiton Limited from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. BHP Billiton Limited currently has an average rating of “Hold” and an average price target of $67.50.
Shares of BHP Billiton Limited (NYSE:BHP) traded down 3.73% during mid-day trading on Tuesday, hitting $70.045. The stock had a trading volume of 4,789,449 shares. BHP Billiton Limited has a 52-week low of $62.60 and a 52-week high of $73.91. The stock has a 50-day moving average of $71.5 and a 200-day moving average of $69.14. The company has a market cap of $186.4 billion and a P/E ratio of 13.03.
BHP Billiton Limited is diversified natural resources company. The Company generally operates through customer sector groups (NYSE:BHP).
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