JPMorgan Chase & Co. reissued their underweight rating on shares of BHP Billiton plc (LON:BLT) in a research report report published on Thursday. They currently have a GBX 1,000 ($13.05) target price on the mining company’s stock.
BLT has been the subject of a number of other research reports. RBC Capital Markets set a GBX 1,100 ($14.36) target price on shares of BHP Billiton plc and gave the stock a neutral rating in a research report on Thursday, September 8th. Macquarie upgraded shares of BHP Billiton plc to an outperform rating and set a GBX 1,260 ($16.45) price objective for the company in a research report on Tuesday, September 20th. Jefferies Group upgraded shares of BHP Billiton plc to a buy rating and raised their price objective for the company from GBX 1,100 ($14.36) to GBX 1,250 ($16.32) in a research report on Tuesday, August 23rd. Citigroup Inc. restated a neutral rating and issued a GBX 1,100 ($14.36) price objective on shares of BHP Billiton plc in a research report on Wednesday, August 24th. Finally, Liberum Capital restated a sell rating and issued a GBX 640 ($8.35) price objective on shares of BHP Billiton plc in a research report on Tuesday, September 20th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 983.75 ($12.84).
BHP Billiton plc (LON:BLT) traded up 2.54% on Thursday, reaching GBX 1232.50. 8,771,756 shares of the company’s stock were exchanged. The firm has a 50-day moving average of GBX 1,058.73 and a 200-day moving average of GBX 930.31. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,255.00. The firm’s market capitalization is GBX 65.60 billion.
In other news, insider Frew,Anita acquired 4,500 shares of the business’s 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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