BHP Billiton plc’s (BLT) “Sell” Rating Reaffirmed at Liberum Capital
BHP Billiton plc (LON:BLT)‘s stock had its “sell” rating restated by equities researchers at Liberum Capital in a report released on Tuesday. They currently have a GBX 800 ($10.39) price target on the mining company’s stock. Liberum Capital’s target price indicates a potential downside of 41.43% from the stock’s current price.
BLT has been the subject of a number of other research reports. Macquarie reiterated an “outperform” rating and set a GBX 1,500 ($19.47) price objective on shares of BHP Billiton plc in a research report on Tuesday, May 2nd. J P Morgan Chase & Co reduced their price objective on BHP Billiton plc from GBX 1,265 ($16.42) to GBX 1,210 ($15.71) and set an “underweight” rating for the company in a research report on Monday, June 5th. Morgan Stanley set a GBX 1,510 ($19.60) price objective on BHP Billiton plc and gave the company a “buy” rating in a research report on Wednesday, April 26th. Deutsche Bank AG upgraded BHP Billiton plc to a “buy” rating and upped their price objective for the company from GBX 1,400 ($18.17) to GBX 1,600 ($20.77) in a research report on Thursday, July 6th. Finally, Jefferies Group LLC cut BHP Billiton plc to a “hold” rating and reduced their price objective for the company from GBX 1,500 ($19.47) to GBX 1,250 ($16.23) in a research report on Thursday, June 8th. Five equities 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 an average target price of GBX 1,303.41 ($16.92).
BHP Billiton plc (LON:BLT) opened at 1410.50 on Tuesday. The stock’s 50 day moving average price is GBX 1,325.36 and its 200 day moving average price is GBX 1,267.39. BHP Billiton plc has a 1-year low of GBX 957.10 and a 1-year high of GBX 1,518.50. The company’s market cap is GBX 75.07 billion.
BHP Billiton plc Company Profile
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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