BHP Billiton plc (BLT) Given ” Hold” Rating at Canaccord Genuity
BHP Billiton plc (LON:BLT)‘s stock had its ” hold” rating restated by stock analysts at Canaccord Genuity in a report issued on Wednesday. They currently have a GBX 1,040 ($12.68) price objective on the mining company’s stock. Canaccord Genuity’s price objective suggests a potential downside of 14.19% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. S&P Global Inc. set a GBX 1,050 ($12.80) price target on shares of BHP Billiton plc and gave the company a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,090 ($13.28) price target on shares of BHP Billiton plc in a report on Wednesday. Macquarie reaffirmed an “outperform” rating and set a GBX 1,280 ($15.60) price target on shares of BHP Billiton plc in a report on Monday. Credit Suisse Group AG set a GBX 1,300 ($15.84) price target on shares of BHP Billiton plc and gave the company a “buy” rating in a report on Friday, October 14th. Finally, Jefferies Group lifted their price target on shares of BHP Billiton plc from GBX 1,250 ($15.23) to GBX 1,600 ($19.50) and gave the company a “buy” rating in a report on Friday, October 14th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,001.30 ($12.20).
BHP Billiton plc (LON:BLT) traded down 0.12% during trading on Wednesday, reaching GBX 1210.50. 5,352,272 shares of the company’s stock were exchanged. The firm’s market cap is GBX 64.43 billion. The stock’s 50 day moving average price is GBX 1,095.13 and its 200 day moving average price is GBX 954.68. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,279.50.
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In other BHP Billiton plc news, insider Frew,Anita purchased 4,500 shares of BHP Billiton plc stock in a transaction on Tuesday, September 6th. The shares were bought at an average price of GBX 998 ($12.16) per share, with a total value of £44,910 ($54,734.92).
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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