BHP Billiton plc (BLT) Given “Underweight” Rating at J P Morgan Chase & Co
BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a research report issued on Thursday. They currently have a GBX 1,235 ($16.41) price objective on the mining company’s stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 10.73% from the company’s previous close.
Several other research analysts also recently commented on BLT. Macquarie restated an “outperform” rating on shares of BHP Billiton plc in a research report on Thursday, July 6th. Jefferies Group LLC boosted their price objective on shares of BHP Billiton plc from GBX 1,350 ($17.94) to GBX 1,450 ($19.27) and gave the company a “hold” rating in a research report on Wednesday, August 23rd. UBS AG set a GBX 1,375 ($18.27) price objective on shares of BHP Billiton plc and gave the company a “buy” rating in a research report on Thursday, July 6th. Morgan Stanley boosted their price objective on shares of BHP Billiton plc from GBX 1,050 ($13.95) to GBX 1,410 ($18.74) and gave the company an “overweight” rating in a research report on Tuesday, August 22nd. Finally, S&P Global set a GBX 1,400 ($18.60) price objective on shares of BHP Billiton plc and gave the company a “buy” rating in a research report on Wednesday, July 19th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,350 ($17.94).
BHP Billiton plc (BLT) traded down 0.93% during midday trading on Thursday, reaching GBX 1383.50. The company had a trading volume of 8,149,746 shares. BHP Billiton plc has a one year low of GBX 1,103.00 and a one year high of GBX 1,518.50. The stock’s 50 day moving average is GBX 1,384.84 and its 200 day moving average is GBX 1,288.02. The company’s market capitalization is GBX 73.65 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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