BHP Billiton plc (LON:BLT) had its price objective cut by investment analysts at Barclays PLC from GBX 1,135 ($14.82) to GBX 990 ($12.92) in a research note issued to investors on Wednesday. The firm presently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s target price would suggest a potential downside of 9.55% from the stock’s current price.
Several other equities analysts also recently weighed in on the stock. Liberum Capital restated a “sell” rating and set a GBX 640 ($8.35) target price on shares of BHP Billiton plc in a report on Tuesday. Macquarie upgraded shares of BHP Billiton plc to an “outperform” rating and set a GBX 1,260 ($16.45) target price for the company in a report on Tuesday. Jefferies Group restated a “buy” rating and set a GBX 1,250 ($16.32) target price on shares of BHP Billiton plc in a report on Tuesday. Haitong Bank cut shares of BHP Billiton plc to a “neutral” rating and decreased their price target for the stock from GBX 1,002 ($13.08) to GBX 960 ($12.53) in a research note on Monday. Finally, Credit Suisse Group AG raised their price target on shares of BHP Billiton plc from GBX 1,050 ($13.71) to GBX 1,150 ($15.01) and gave the stock an “outperform” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 978.14 ($12.77).
Shares of BHP Billiton plc (LON:BLT) opened at 1094.50 on Wednesday. BHP Billiton plc has a 1-year low of GBX 571.60 and a 1-year high of GBX 1,203.50. The stock’s market capitalization is GBX 58.25 billion. The stock has a 50 day moving average of GBX 1,026.38 and a 200-day moving average of GBX 908.03.
In related news, insider Frew,Anita acquired 4,500 shares of BHP Billiton plc stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average price of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
About BHP Billiton plc
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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