BHP Billiton plc (BLT) Downgraded by Citigroup Inc. to Sell
BHP Billiton plc (LON:BLT) was downgraded by stock analysts at Citigroup Inc. to a “sell” rating in a report released on Thursday.
Several other analysts have also recently weighed in on BLT. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 1,050 ($13.00) price target on shares of BHP Billiton plc in a research note on Thursday, June 16th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 800 ($9.90) price target on shares of BHP Billiton plc in a research note on Tuesday, June 21st. Sanford C. Bernstein set a GBX 790 ($9.78) price target on shares of BHP Billiton plc and gave the company a “neutral” rating in a research note on Tuesday, June 21st. Deutsche Bank AG reissued a “hold” rating and issued a GBX 880 ($10.89) price target on shares of BHP Billiton plc in a research note on Wednesday, June 22nd. Finally, Barclays PLC increased their price target on shares of BHP Billiton plc from GBX 875 ($10.83) to GBX 925 ($11.45) and gave the company an “equal weight” rating in a research note on Wednesday, June 22nd. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the stock. BHP Billiton plc currently has a consensus rating of “Hold” and a consensus price target of GBX 977.22 ($12.09).
BHP Billiton plc (LON:BLT) opened at 1238.50 on Thursday. The stock’s market capitalization is GBX 65.92 billion. The company’s 50-day moving average is GBX 1,080.11 and its 200 day moving average is GBX 942.75. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,279.50.
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In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was bought at an average price of GBX 998 ($12.35) per share, for a total transaction of £44,910 ($55,581.68).
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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