BHP Billiton plc (LON:BLT) had its price target decreased by investment analysts at Barclays PLC from GBX 1,135 ($14.82) to GBX 990 ($12.92) in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the mining company’s stock. Barclays PLC’s price objective suggests a potential downside of 9.55% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Morgan Stanley set a GBX 950 ($12.40) target price on BHP Billiton plc and gave the company a “buy” rating in a research report on Thursday, June 9th. Haitong Bank upgraded BHP Billiton plc to a “buy” rating and raised their price target for the company from GBX 864 ($11.28) to GBX 1,002 ($13.08) in a research note on Thursday, June 30th. Jefferies Group upgraded BHP Billiton plc to a “buy” rating and raised their price target for the company from GBX 1,100 ($14.36) to GBX 1,250 ($16.32) in a research note on Tuesday, August 23rd. Deutsche Bank AG restated a “hold” rating and issued a GBX 880 ($11.49) price target on shares of BHP Billiton plc in a research note on Monday, June 6th. Finally, Beaufort Securities restated a “hold” rating on shares of BHP Billiton plc in a research note on Wednesday, June 22nd. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 978.14 ($12.77).
BHP Billiton plc (LON:BLT) opened at 1094.50 on Wednesday. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,203.50. The company has a 50 day moving average price of GBX 1,026.38 and a 200-day moving average price of GBX 908.03. The firm’s market capitalization is GBX 58.25 billion.
In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were bought at an average price of GBX 998 ($13.03) per share, for a total transaction 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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