BHP Billiton plc (BLT) Rating Reiterated by JPMorgan Chase & Co.
BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a GBX 1,110 ($13.87) price objective on the mining company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 13.21% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Jefferies Group upgraded shares of BHP Billiton plc to a “buy” rating and increased their price target for the stock from GBX 1,100 ($13.74) to GBX 1,250 ($15.62) in a research note on Tuesday, August 23rd. Credit Suisse Group AG set a GBX 1,300 ($16.24) price target on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Friday, October 14th. Morgan Stanley set a GBX 1,220 ($15.24) price target on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Thursday, October 20th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 925 ($11.56) price target 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 issued a buy rating to the stock. BHP Billiton plc currently has an average rating of “Hold” and an average price target of GBX 1,074.44 ($13.42).
Shares of BHP Billiton plc (LON:BLT) opened at 1279.00 on Wednesday. The company’s market cap is GBX 68.07 billion. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,396.00. The stock has a 50 day moving average of GBX 1,229.01 and a 200 day moving average of GBX 1,012.34.
In related news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were purchased at an average price of GBX 998 ($12.47) per share, with a total value of £44,910 ($56,109.45).
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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