Barclays PLC Cuts BHP Billiton plc (BLT) Price Target to GBX 990
BHP Billiton plc (LON:BLT) had its price target decreased by analysts at Barclays PLC from GBX 1,135 ($14.82) to GBX 990 ($12.92) in a research report issued on Wednesday. The firm currently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s price target would suggest a potential downside of 4.12% from the company’s current price.
Several other equities research analysts have also recently weighed in on the company. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 880 ($11.49) target price on shares of BHP Billiton plc in a report on Monday, June 6th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 800 ($10.44) target price on shares of BHP Billiton plc in a report on Tuesday, July 12th. BNP Paribas reiterated a “neutral” rating and issued a GBX 885 ($11.55) target price on shares of BHP Billiton plc in a report on Monday, June 27th. Morgan Stanley set a GBX 1,080 ($14.10) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,150 ($15.01) price objective on shares of BHP Billiton plc in a research note on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. BHP Billiton plc currently has a consensus rating of “Hold” and an average price target of GBX 978.14 ($12.77).
Shares of BHP Billiton plc (LON:BLT) opened at 1032.50 on Wednesday. The company’s market capitalization is GBX 54.95 billion. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,203.50. The company has a 50-day moving average price of GBX 1,019.76 and a 200 day moving average price of GBX 905.43.
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In related news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was purchased at an average price of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
BHP Billiton plc Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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