BHP Billiton plc (BLT) Receives Sell Rating from Goldman Sachs Group, Inc. (The)
BHP Billiton plc (LON:BLT)‘s stock had its “sell” rating reissued by research analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Monday, July 24th. They currently have a GBX 1,075 ($14.00) price target on the mining company’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential downside of 19.54% from the stock’s previous close.
Several other analysts have also commented on BLT. UBS AG set a GBX 1,400 ($18.23) target price on BHP Billiton plc and gave the stock a “neutral” rating in a report on Monday, March 27th. Macquarie reiterated an “outperform” rating and set a GBX 1,590 ($20.71) price target on shares of BHP Billiton plc in a research report on Tuesday, March 28th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 1,265 ($16.47) price target on shares of BHP Billiton plc in a research report on Thursday, March 30th. Liberum Capital reiterated a “sell” rating and set a GBX 800 ($10.42) price target on shares of BHP Billiton plc in a research report on Tuesday, April 11th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton plc in a research report on Tuesday, April 11th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,303.41 ($16.97).
Shares of BHP Billiton plc (BLT) opened at 1355.00 on Monday. BHP Billiton plc has a 52 week low of GBX 957.10 and a 52 week high of GBX 1,518.50. The firm’s 50-day moving average is GBX 1,293.46 and its 200-day moving average is GBX 1,272.40. The company’s market cap is GBX 72.11 billion.
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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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