Sanford C. Bernstein Reiterates Market Perform Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “market perform” rating restated by investment analysts at Sanford C. Bernstein in a note issued to investors on Tuesday. They currently have a GBX 2,000 ($33.10) target price on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 2.88% from the company’s current price.
BHP Billiton plc (LON:BLT) opened at 1942.4999 on Tuesday. BHP Billiton plc has a 52-week low of GBX 1715.00 and a 52-week high of GBX 2102.5298. The stock’s 50-day moving average is GBX 2016. and its 200-day moving average is GBX 1928.06. The company’s market cap is £103.4 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Wednesday, August 20th. They now have a GBX 1,935 ($32.02) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of BHP Billiton plc in a research note on Tuesday, August 19th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Billiton plc in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,129.10 ($35.23).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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