BHP Billiton plc (LON:BLT) had its price objective lifted by J P Morgan Chase & Co from GBX 1,155 ($14.99) to GBX 1,180 ($15.32) in a report issued on Thursday, July 20th, MarketBeat.com reports. The brokerage presently has an “underweight” rating on the mining company’s stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 12.07% from the stock’s previous close.
BLT has been the topic of a number of other research reports. Credit Suisse Group reiterated a “neutral” rating and set a GBX 1,380 ($17.92) price target on shares of BHP Billiton plc in a research note on Wednesday, May 17th. Deutsche Bank AG decreased their price objective on BHP Billiton plc from GBX 1,460 ($18.95) to GBX 1,450 ($18.82) and set a “hold” rating for the company in a research report on Thursday, April 27th. Shore Capital reiterated a “not rated” rating on shares of BHP Billiton plc in a research note on Tuesday, April 11th. HSBC Holdings plc upgraded BHP Billiton plc to a “buy” rating and set a GBX 1,500 ($19.47) price objective on the stock in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada restated a “sector performer” rating and issued a GBX 1,625 ($21.10) price target on shares of BHP Billiton plc in a research note on Wednesday, April 26th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,303.41 ($16.92).
BHP Billiton plc (LON:BLT) traded up 2.31% during mid-day trading on Thursday, hitting GBX 1373.00. 5,792,327 shares of the stock traded hands. BHP Billiton plc has a 12-month low of GBX 957.10 and a 12-month high of GBX 1,518.50. The company’s market cap is GBX 73.07 billion. The firm’s 50-day moving average is GBX 1,300.65 and its 200-day moving average is GBX 1,269.51.
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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