BHP Billiton plc (BLT) Receives Neutral Rating from Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their neutral rating on shares of BHP Billiton plc (LON:BLT) in a research note released on Wednesday morning. Goldman Sachs Group Inc. currently has a GBX 1,400 ($17.49) price objective on the mining company’s stock.
Several other analysts have also recently commented on BLT. Investec raised their price target on shares of BHP Billiton plc from GBX 840 ($10.49) to GBX 980 ($12.24) and gave the stock a hold rating in a report on Tuesday, July 19th. Canaccord Genuity restated a hold rating and set a GBX 850 ($10.62) price target on shares of BHP Billiton plc in a report on Wednesday, July 20th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 900 ($11.24) target price on shares of BHP Billiton plc in a research note on Thursday, July 21st. Barclays PLC reiterated an equal weight rating and issued a GBX 925 ($11.56) target price on shares of BHP Billiton plc in a research note on Thursday, July 21st. Finally, Macquarie reiterated an underperform rating and issued a GBX 850 ($10.62) target price on shares of BHP Billiton plc in a research note on Thursday, July 21st. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,074.44 ($13.42).
BHP Billiton plc (LON:BLT) traded up 1.83% during midday trading on Wednesday, reaching GBX 1279.00. 7,338,811 shares of the company were exchanged. The firm’s 50-day moving average is GBX 1,223.57 and its 200-day moving average is GBX 1,010.95. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,396.00. The firm’s market cap is GBX 27013.40 billion.
In other news, insider Frew,Anita bought 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were bought at an average cost of GBX 998 ($12.47) per share, for a total transaction of £44,910 ($56,109.45).
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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