Jefferies Group LLC Reaffirms Hold Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group LLC in a report released on Thursday, MarketBeat reports. They currently have a GBX 1,500 ($19.93) price objective on the mining company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 8.42% from the company’s current price.
A number of other analysts also recently issued reports on the company. Macquarie reaffirmed an “outperform” rating on shares of BHP Billiton plc in a research note on Thursday, July 6th. J P Morgan Chase & Co lifted their price objective on BHP Billiton plc from GBX 1,190 ($15.81) to GBX 1,235 ($16.41) and gave the stock an “underweight” rating in a research note on Tuesday, September 5th. Shore Capital reaffirmed a “not rated” rating on shares of BHP Billiton plc in a research note on Wednesday, July 19th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 1,380 ($18.34) price objective on shares of BHP Billiton plc in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a GBX 1,075 ($14.28) price objective on shares of BHP Billiton plc in a research note on Monday, July 24th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. BHP Billiton plc presently has an average rating of “Hold” and an average target price of GBX 1,350 ($17.94).
Shares of BHP Billiton plc (LON BLT) traded down 0.93% during mid-day trading on Thursday, reaching GBX 1383.50. The company’s stock had a trading volume of 8,149,746 shares. The company’s 50-day moving average price is GBX 1,384.84 and its 200-day moving average price is GBX 1,288.02. BHP Billiton plc has a 12-month low of GBX 1,103.00 and a 12-month high of GBX 1,518.50. The stock’s market capitalization is GBX 73.65 billion.
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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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