BHP Billiton plc (BLT) Receives Average Recommendation of “Hold” from Brokerages
BHP Billiton plc (LON:BLT) has been given an average rating of “Hold” by the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,312.22 ($16.69).
Several equities analysts recently commented on BLT shares. Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton plc in a report on Tuesday, April 11th. Morgan Stanley set a GBX 1,510 ($19.21) price target on shares of BHP Billiton plc and gave the company a “buy” rating in a report on Tuesday, March 14th. Jefferies Group LLC cut their price target on shares of BHP Billiton plc from GBX 1,800 ($22.89) to GBX 1,700 ($21.62) and set a “buy” rating on the stock in a report on Tuesday, April 18th. HSBC Holdings plc upgraded shares of BHP Billiton plc to a “buy” rating and set a GBX 1,500 ($19.08) price target on the stock in a report on Wednesday, April 19th. Finally, Investec reiterated a “buy” rating and set a GBX 1,480 ($18.82) price target on shares of BHP Billiton plc in a report on Wednesday, May 17th.
BHP Billiton plc (LON:BLT) traded up 2.36% during mid-day trading on Tuesday, hitting GBX 1169.00. 7,634,111 shares of the stock were exchanged. The stock’s market cap is GBX 62.21 billion. BHP Billiton plc has a 52-week low of GBX 793.40 and a 52-week high of GBX 1,518.50. The stock’s 50 day moving average is GBX 1,178.26 and its 200 day moving average is GBX 1,287.94.
BHP Billiton plc Company Profile
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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