BHP Billiton plc (BLT) Given Consensus Recommendation of “Hold” by Brokerages
BHP Billiton plc (LON:BLT) has received a consensus rating of “Hold” from the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,517.27 ($20.20).
A number of research analysts recently weighed in on the stock. BNP Paribas restated a “neutral” rating on shares of BHP Billiton in a report on Thursday, May 17th. JPMorgan Chase & Co. restated a “neutral” rating on shares of BHP Billiton in a report on Wednesday, May 16th. HSBC lifted their price objective on shares of BHP Billiton from GBX 1,480 ($19.70) to GBX 1,610 ($21.44) and gave the company a “hold” rating in a report on Wednesday, April 18th. Citigroup cut shares of BHP Billiton to a “neutral” rating and set a GBX 1,550 ($20.64) price objective for the company. in a report on Wednesday, February 21st. Finally, Goldman Sachs Group upgraded shares of BHP Billiton to a “neutral” rating and lifted their price objective for the company from GBX 1,150 ($15.31) to GBX 1,500 ($19.97) in a report on Wednesday, March 14th.
Shares of BLT remained flat at $GBX 1,748.80 ($23.28) during trading on Thursday. 7,083,585 shares of the company’s stock were exchanged, compared to its average volume of 9,690,000. BHP Billiton has a 1-year low of GBX 1,103 ($14.69) and a 1-year high of GBX 1,662.40 ($22.13).
About BHP Billiton
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.
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