BHP Billiton plc (BLT) Receives Average Rating of “Hold” from Analysts
BHP Billiton plc (LON:BLT) has been assigned a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 1,303.41 ($16.92).
BLT has been the topic of a number of research analyst reports. Macquarie reissued an “outperform” rating and issued a GBX 1,500 ($19.47) target price on shares of BHP Billiton plc in a research report on Tuesday, May 2nd. J P Morgan Chase & Co cut their target price on BHP Billiton plc from GBX 1,265 ($16.42) to GBX 1,210 ($15.71) and set an “underweight” rating on the stock in a research report on Monday, June 5th. Morgan Stanley set a GBX 1,510 ($19.60) price objective on BHP Billiton plc and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Deutsche Bank AG raised BHP Billiton plc to a “buy” rating and upped their price objective for the stock from GBX 1,400 ($18.17) to GBX 1,600 ($20.77) in a research report on Thursday, July 6th. Finally, Jefferies Group LLC lowered BHP Billiton plc to a “hold” rating and cut their price objective for the stock from GBX 1,500 ($19.47) to GBX 1,250 ($16.23) in a research report on Thursday, June 8th.
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Shares of BHP Billiton plc (LON BLT) traded down 0.81% during midday trading on Friday, reaching GBX 1351.00. The company’s stock had a trading volume of 10,785,710 shares. The stock’s 50 day moving average price is GBX 1,316.55 and its 200 day moving average price is GBX 1,270.15. BHP Billiton plc has a one year low of GBX 957.10 and a one year high of GBX 1,518.50. The firm’s market cap is GBX 71.90 billion.
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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