BHP Billiton plc (BLT) Given “Underweight” Rating at JPMorgan Chase & Co.
BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a GBX 1,000 ($13.05) price target on the mining company’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 18.86% from the company’s previous close.
Several other brokerages have also recently commented on BLT. Beaufort Securities reissued a “hold” rating on shares of BHP Billiton plc in a report on Wednesday, June 22nd. Macquarie reissued a “neutral” rating and set a GBX 1,070 ($13.97) target price on shares of BHP Billiton plc in a report on Tuesday, August 23rd. 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. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,050 ($13.71) target price on shares of BHP Billiton plc in a report on Thursday, June 16th. Finally, Jefferies Group boosted their target price on BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the stock a “hold” rating in a report on Thursday, July 7th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven 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 983.75 ($12.84).
Shares of BHP Billiton plc (LON:BLT) traded up 2.54% on Thursday, hitting GBX 1232.50. The company’s stock had a trading volume of 8,947,122 shares. The company’s market cap is GBX 65.60 billion. The stock’s 50 day moving average is GBX 1,063.91 and its 200-day moving average is GBX 932.42. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,255.00.
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In other news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were purchased at an average cost of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
About BHP Billiton plc
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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