BHP Billiton (BLT) Upgraded to “Neutral” by Goldman Sachs Group
BHP Billiton (LON:BLT) was upgraded by research analysts at Goldman Sachs Group to a “neutral” rating in a report issued on Wednesday. The firm currently has a GBX 1,500 ($20.72) price target on the mining company’s stock, up from their prior price target of GBX 1,150 ($15.89). Goldman Sachs Group’s price objective would indicate a potential upside of 3.28% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on BLT. Investec reissued a “buy” rating on shares of BHP Billiton in a research report on Friday, March 9th. Barclays reissued an “equal weight” rating and set a GBX 1,375 ($19.00) price target on shares of BHP Billiton in a research report on Wednesday, November 29th. Credit Suisse Group reissued a “neutral” rating and set a GBX 1,430 ($19.76) price target on shares of BHP Billiton in a research report on Tuesday, February 27th. Jefferies Group reissued a “hold” rating and set a GBX 1,500 ($20.72) price target on shares of BHP Billiton in a research report on Monday, December 4th. Finally, JPMorgan Chase & Co. reduced their price target on BHP Billiton from GBX 1,700 ($23.49) to GBX 1,650 ($22.80) and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,470.22 ($20.31).
Shares of BHP Billiton (BLT) opened at GBX 1,452.40 ($20.07) on Wednesday. The stock has a market capitalization of $82,150.00 and a P/E ratio of 1,650.45. BHP Billiton has a 12-month low of GBX 1,103 ($15.24) and a 12-month high of GBX 1,662.40 ($22.97).
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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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