BHP Billiton plc (BLT) Given Hold Rating at HSBC Holdings plc
BHP Billiton plc (LON:BLT)‘s stock had its “hold” rating restated by research analysts at HSBC Holdings plc in a research report issued to clients and investors on Friday. They currently have a GBX 1,320 ($17.14) price target on the mining company’s stock. HSBC Holdings plc’s price target would indicate a potential downside of 3.08% from the company’s previous close.
Several other research analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) lowered shares of BHP Billiton plc to a “sell” rating and cut their target price for the stock from GBX 1,400 ($18.17) to GBX 1,100 ($14.28) in a research note on Tuesday, April 25th. Jefferies Group LLC set a GBX 1,500 ($19.47) target price on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Monday, May 22nd. J P Morgan Chase & Co reissued an “underweight” rating on shares of BHP Billiton plc in a research note on Wednesday, May 3rd. Investec reissued a “buy” rating and set a GBX 1,480 ($19.21) target price on shares of BHP Billiton plc in a research note on Wednesday, May 17th. Finally, Macquarie reissued an “outperform” rating and set a GBX 1,500 ($19.47) target price on shares of BHP Billiton plc in a research note on Tuesday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,303.41 ($16.92).
Shares of BHP Billiton plc (LON:BLT) opened at 1346.50 on Friday. The firm has a 50-day moving average of GBX 1,311.91 and a 200 day moving average of GBX 1,269.58. BHP Billiton plc has a 52 week low of GBX 957.10 and a 52 week high of GBX 1,518.50. The firm’s market capitalization is GBX 71.66 billion.
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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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