BHP Billiton plc (LON:BLT) had its price objective reduced by stock analysts at Beaufort Securities from GBX 1,550 ($20.45) to GBX 1,400 ($18.47) in a research note issued on Thursday, July 20th. The brokerage presently has a “hold” rating on the mining company’s stock. Beaufort Securities’ price target indicates a potential upside of 1.60% from the company’s previous close.
BLT has been the subject of several other research reports. UBS AG set a GBX 1,400 ($18.47) target price on shares of BHP Billiton plc and gave the company a “neutral” rating in a report on Monday, March 27th. Macquarie restated an “outperform” rating and issued a GBX 1,590 ($20.97) price target on shares of BHP Billiton plc in a research note on Tuesday, March 28th. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 1,265 ($16.69) price target on shares of BHP Billiton plc in a research note on Thursday, March 30th. Liberum Capital restated a “sell” rating and issued a GBX 800 ($10.55) price target on shares of BHP Billiton plc in a research note on Tuesday, April 11th. Finally, Citigroup Inc. restated a “buy” rating on shares of BHP Billiton plc in a research note on Tuesday, April 11th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. BHP Billiton plc has a consensus rating of “Hold” and an average price target of GBX 1,303.41 ($17.19).
BHP Billiton plc (LON BLT) traded up 1.03% on Thursday, hitting GBX 1378.00. The stock had a trading volume of 9,249,569 shares. The stock’s market cap is GBX 73.34 billion. BHP Billiton plc has a 12 month low of GBX 903.40 and a 12 month high of GBX 1,518.50. The firm’s 50 day moving average price is GBX 1,243.06 and its 200-day moving average price is GBX 1,276.20.
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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