BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating reissued by analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday. They currently have a GBX 1,000 ($13.05) target price on the mining company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 16.94% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Deutsche Bank AG upped their price objective on shares of BHP Billiton plc from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) and gave the company a “hold” rating in a research note on Wednesday. Macquarie reaffirmed an “outperform” rating and set a GBX 1,280 ($16.71) price objective on shares of BHP Billiton plc in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “sector performer” rating on shares of BHP Billiton plc in a research note on Thursday. Jefferies Group increased their price target on shares of BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the company a “hold” rating in a research note on Thursday, July 7th. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 850 ($11.10) price target on shares of BHP Billiton plc in a research note on Monday, June 13th. 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 company. The company presently has an average rating of “Hold” and an average target price of GBX 984.11 ($12.85).
BHP Billiton plc (LON:BLT) opened at 1204.00 on Thursday. The company has a 50-day moving average of GBX 1,055.18 and a 200-day moving average of GBX 929.45. The company’s market cap is GBX 64.08 billion. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,217.00.
In related news, insider Frew,Anita bought 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were purchased at an average cost 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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