BHP Billiton plc (BLT) Given Average Rating of “Hold” by Analysts
Shares of BHP Billiton plc (LON:BLT) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,817.50 ($23.75).
BLT has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating and set a GBX 1,900 ($24.83) price objective on shares of BHP Billiton in a report on Tuesday, August 14th. Deutsche Bank boosted their price objective on shares of BHP Billiton from GBX 1,800 ($23.52) to GBX 1,820 ($23.78) and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Morgan Stanley downgraded shares of BHP Billiton to an “equal weight” rating in a report on Tuesday, September 25th. Credit Suisse Group reissued a “neutral” rating on shares of BHP Billiton in a report on Friday, October 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BHP Billiton from GBX 1,945 ($25.41) to GBX 1,910 ($24.96) and set a “neutral” rating on the stock in a report on Thursday, August 23rd.
Shares of BHP Billiton stock traded down GBX 29 ($0.38) on Thursday, reaching GBX 1,573 ($20.55). 5,075,177 shares of the stock were exchanged, compared to its average volume of 9,690,000. BHP Billiton has a 1-year low of GBX 1,103 ($14.41) and a 1-year high of GBX 1,662.40 ($21.72).
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, energy coal, and oil and gas.
Further Reading: What Does Beta Mean In Stock Selection
Receive News & Ratings for BHP Billiton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton and related companies with MarketBeat.com's FREE daily email newsletter.