BHP Billiton plc (LON:BLT) Rating Reiterated by J P Morgan Chase & Co
BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating reissued by analysts at J P Morgan Chase & Co in a note issued to investors on Tuesday, June 27th. They presently have a GBX 1,155 ($14.96) target price on the mining company’s stock. J P Morgan Chase & Co’s target price indicates a potential downside of 11.49% from the company’s previous close.
Several other equities research analysts also recently commented on BLT. Deutsche Bank AG dropped their target price on BHP Billiton plc from GBX 1,450 ($18.78) to GBX 1,400 ($18.13) and set a “hold” rating on the stock in a report on Thursday, June 22nd. Macquarie set a GBX 1,460 ($18.91) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, June 21st. S&P Global set a GBX 1,300 ($16.84) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, June 14th. UBS AG set a GBX 1,400 ($18.13) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Thursday, June 8th. Finally, Jefferies Group LLC downgraded BHP Billiton plc to a “hold” rating and dropped their target price for the stock from GBX 1,500 ($19.43) to GBX 1,250 ($16.19) in a report on Thursday, June 8th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,316.75 ($17.06).
Shares of BHP Billiton plc (LON BLT) traded up 1.16% during mid-day trading on Tuesday, reaching GBX 1305.00. 7,204,548 shares of the company’s stock were exchanged. The stock’s 50-day moving average is GBX 1,181.98 and its 200-day moving average is GBX 1,279.78. The stock’s market cap is GBX 69.45 billion. BHP Billiton plc has a 52-week low of GBX 903.40 and a 52-week high of GBX 1,518.50.
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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