BHP Billiton plc (BLT) Receives “Underweight” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their underweight rating on shares of BHP Billiton plc (LON:BLT) in a report published on Thursday. The firm currently has a GBX 1,000 ($13.05) price target on the mining company’s stock.
A number of other research analysts have also recently issued reports on BLT. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 1,050 ($13.71) target price on shares of BHP Billiton plc in a report on Thursday, June 30th. Barclays PLC increased their target price on shares of BHP Billiton plc from GBX 875 ($11.42) to GBX 925 ($12.07) and gave the company an equal weight rating in a report on Wednesday, June 22nd. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 1,100 ($14.36) target price on shares of BHP Billiton plc in a report on Wednesday, August 24th. RBC Capital Markets set a GBX 1,100 ($14.36) target price on shares of BHP Billiton plc and gave the company a neutral rating in a report on Thursday, September 8th. Finally, Royal Bank Of Canada reaffirmed a sector performer rating and issued a GBX 900 ($11.75) target price on shares of BHP Billiton plc in a report on Wednesday, June 22nd. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 983.75 ($12.84).
BHP Billiton plc (LON:BLT) traded up 2.54% on Thursday, reaching GBX 1232.50. The company’s stock had a trading volume of 8,771,756 shares. The stock’s market capitalization is GBX 65.60 billion. The firm has a 50 day moving average price of GBX 1,058.73 and a 200 day moving average price of GBX 930.31. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,255.00.
In other news, insider Frew,Anita bought 4,500 shares of BHP Billiton plc stock in a transaction on Tuesday, September 6th. The stock was purchased at an average cost of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
BHP Billiton plc Company Profile
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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