BHP Billiton plc (LON:BLT) had its price objective cut by analysts at Barclays PLC from GBX 1,135 ($14.82) to GBX 990 ($12.92) in a note issued to investors on Wednesday. The brokerage currently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s price objective indicates a potential downside of 4.12% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on BLT. Citigroup Inc. restated a “neutral” rating on shares of BHP Billiton plc in a research note on Friday, May 27th. Credit Suisse Group AG restated an “outperform” rating on shares of BHP Billiton plc in a research note on Friday, May 27th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 880 ($11.49) target price on shares of BHP Billiton plc in a research report on Monday, June 6th. Morgan Stanley set a GBX 950 ($12.40) target price on shares of BHP Billiton plc and gave the stock a “buy” rating in a research report on Thursday, June 9th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 800 ($10.44) target price on shares of BHP Billiton plc in a research report on Friday, June 10th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 978.14 ($12.77).
Shares of BHP Billiton plc (LON:BLT) opened at 1032.50 on Wednesday. The company’s market cap is GBX 54.95 billion. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,203.50. The firm has a 50-day moving average of GBX 1,019.76 and a 200 day moving average of GBX 905.43.
In related news, insider Frew,Anita purchased 4,500 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were purchased at an average cost of GBX 998 ($13.03) per share, for a total transaction of £44,910 ($58,621.59).
About BHP Billiton plc
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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