BHP Billiton plc’s (BLT) “Sell” Rating Reiterated at Goldman Sachs Group, Inc. (The)
BHP Billiton plc (LON:BLT)‘s stock had its “sell” rating restated by analysts at Goldman Sachs Group, Inc. (The) in a report issued on Monday. They presently have a GBX 1,075 ($14.04) target price on the mining company’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential downside of 16.63% from the company’s previous close.
A number of other research firms have also issued reports on BLT. Citigroup Inc. lowered BHP Billiton plc to a “neutral” rating and set a GBX 1,350 ($17.63) target price on the stock. in a report on Thursday. J P Morgan Chase & Co boosted their target price on BHP Billiton plc from GBX 1,155 ($15.08) to GBX 1,180 ($15.41) and gave the company an “underweight” rating in a report on Thursday. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,600 ($20.89) target price on shares of BHP Billiton plc in a report on Thursday. Macquarie reissued an “outperform” rating and issued a GBX 1,450 ($18.93) target price on shares of BHP Billiton plc in a report on Thursday. Finally, Independent Research GmbH set a GBX 1,350 ($17.63) target price on BHP Billiton plc and gave the company a “neutral” rating in a report on Thursday. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,314.77 ($17.17).
BHP Billiton plc (LON:BLT) traded down 1.53% during midday trading on Monday, reaching GBX 1285.50. The company’s stock had a trading volume of 6,814,886 shares. The stock’s 50 day moving average is GBX 1,214.49 and its 200 day moving average is GBX 1,276.93. The stock’s market cap is GBX 68.41 billion. BHP Billiton plc has a 12-month low of GBX 903.40 and a 12-month high of GBX 1,518.50.
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About BHP Billiton plc
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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