BHP Billiton plc (LON:BLT) Price Target Cut to GBX 1,050
BHP Billiton plc (LON:BLT) had its price target dropped by equities researchers at Goldman Sachs Group, Inc. (The) from GBX 1,075 ($13.92) to GBX 1,050 ($13.60) in a research note issued on Wednesday, Marketbeat.com reports. The firm currently has a “sell” rating on the mining company’s stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential downside of 15.49% from the stock’s previous close.
Several other brokerages have also recently issued reports on BLT. Investec reissued a “buy” rating and issued a GBX 1,480 ($19.17) price objective on shares of BHP Billiton plc in a report on Wednesday, May 17th. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 1,155 ($14.96) price objective on shares of BHP Billiton plc in a report on Tuesday, June 27th. Royal Bank of Canada reissued a “sector performer” rating and issued a GBX 1,625 ($21.05) price objective on shares of BHP Billiton plc in a report on Wednesday, March 15th. Jefferies Group LLC cut BHP Billiton plc to a “hold” rating and decreased their price objective for the company from GBX 1,500 ($19.43) to GBX 1,250 ($16.19) in a report on Thursday, June 8th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a GBX 1,380 ($17.88) price objective on shares of BHP Billiton plc in a report on Thursday, April 27th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,323.16 ($17.14).
Shares of BHP Billiton plc (LON BLT) traded down 0.32% during mid-day trading on Wednesday, reaching GBX 1242.50. The company’s stock had a trading volume of 7,822,202 shares. BHP Billiton plc has a 12-month low of GBX 903.40 and a 12-month high of GBX 1,518.50. The firm’s 50-day moving average price is GBX 1,181.98 and its 200 day moving average price is GBX 1,279.78. The firm’s market cap is GBX 66.13 billion.
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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