BHP Billiton plc (BLT) Stock Rating Reaffirmed by HSBC Holdings plc

BHP Billiton plc (LON:BLT)‘s stock had its “hold” rating reissued by analysts at HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 1,320 ($17.14) price objective on the mining company’s stock. HSBC Holdings plc’s price target points to a potential downside of 2.29% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,600 ($20.77) price objective on shares of BHP Billiton plc in a research note on Monday, August 14th. Royal Bank Of Canada cut their price objective on shares of BHP Billiton plc from GBX 1,500 ($19.47) to GBX 1,375 ($17.85) and set a “sector perform” rating on the stock in a research note on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a GBX 1,075 ($13.96) price objective on shares of BHP Billiton plc in a research note on Monday, July 24th. Beaufort Securities cut their price objective on shares of BHP Billiton plc from GBX 1,550 ($20.12) to GBX 1,400 ($18.17) and set a “hold” rating on the stock in a research note on Thursday, July 20th. Finally, Independent Research GmbH set a GBX 1,350 ($17.53) price objective on shares of BHP Billiton plc and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. BHP Billiton plc presently has a consensus rating of “Hold” and a consensus price target of GBX 1,303.41 ($16.92).

Shares of BHP Billiton plc (LON:BLT) opened at 1351.00 on Friday. The company’s market cap is GBX 71.90 billion. The company’s 50 day moving average is GBX 1,316.55 and its 200 day moving average is GBX 1,270.15. BHP Billiton plc has a 12 month low of GBX 957.10 and a 12 month high of GBX 1,518.50.

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BHP Billiton plc Company Profile

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.

Analyst Recommendations for BHP Billiton plc (LON:BLT)

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