BHP Billiton plc Downgraded by Citigroup Inc. (BBL)
BHP Billiton plc (NYSE:BBL) was downgraded by equities research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
BHP Billiton plc (NYSE:BBL) traded down 6.17% during mid-day trading on Tuesday, hitting $65.23. 1,772,798 shares of the company’s stock traded hands. BHP Billiton plc has a 1-year low of $56.24 and a 1-year high of $71.44. The stock has a 50-day moving average of $68.47 and a 200-day moving average of $64.49. The company has a market cap of $173.5 billion and a P/E ratio of 12.45.
BBL has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of BHP Billiton plc from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $70.20 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Monday, June 2nd. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $70.20.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (NYSE:BBL).
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