BHP Billiton plc (LON:BLT)‘s stock had its “sell” rating reissued by investment analysts at Goldman Sachs Group, Inc. (The) in a report released on Monday, July 24th. They currently have a GBX 1,075 ($13.96) target price on the mining company’s stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential downside of 20.43% from the company’s previous close.
BLT has been the subject of several other research reports. UBS AG set a GBX 1,400 ($18.17) price target on BHP Billiton plc and gave the company a “neutral” rating in a report on Monday, March 27th. Investec reiterated a “buy” rating and issued a GBX 1,480 ($19.21) target price on shares of BHP Billiton plc in a report on Wednesday, May 17th. Macquarie reiterated an “outperform” rating on shares of BHP Billiton plc in a report on Thursday, July 6th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 1,155 ($14.99) target price on shares of BHP Billiton plc in a report on Tuesday, June 27th. Finally, Jefferies Group LLC cut BHP Billiton plc to a “hold” rating and dropped their target price for the stock from GBX 1,500 ($19.47) to GBX 1,250 ($16.23) in a report on Thursday, June 8th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,303.41 ($16.92).
BHP Billiton plc (LON BLT) traded down 0.81% on Monday, hitting GBX 1351.00. 10,785,710 shares of the stock were exchanged. The firm’s market cap is GBX 71.90 billion. The company has a 50-day moving average price of GBX 1,316.55 and a 200-day moving average price of GBX 1,270.15. BHP Billiton plc has a 52-week low of GBX 957.10 and a 52-week high of GBX 1,518.50.
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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