BHP Billiton plc (LON:BLT)‘s stock had its “hold” rating restated by Canaccord Genuity in a report released on Wednesday. They currently have a GBX 1,040 ($12.68) price target on the mining company’s stock. Canaccord Genuity’s price target suggests a potential downside of 14.19% from the stock’s current price.
Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,090 ($13.28) target price on shares of BHP Billiton plc in a report on Wednesday. S&P Global Inc. set a GBX 1,050 ($12.80) target price on BHP Billiton plc and gave the stock a “sell” rating in a report on Wednesday. Jefferies Group lifted their target price on BHP Billiton plc from GBX 800 ($9.75) to GBX 900 ($10.97) and gave the stock a “hold” rating in a report on Thursday, July 7th. Morgan Stanley set a GBX 1,080 ($13.16) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, June 29th. Finally, Deutsche Bank AG decreased their price target on BHP Billiton plc from GBX 1,250 ($15.23) to GBX 1,240 ($15.11) and set a “hold” rating for the company in a research report on Sunday, July 17th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,001.30 ($12.20).
Shares of BHP Billiton plc (LON:BLT) traded up 0.37% during midday trading on Wednesday, hitting GBX 1216.50. 5,611,978 shares of the company traded hands. The company has a 50-day moving average price of GBX 1,095.13 and a 200-day moving average price of GBX 954.68. The stock’s market capitalization is GBX 64.75 billion. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,279.50.
In related news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was acquired at an average price of GBX 998 ($12.16) per share, for a total transaction of £44,910 ($54,734.92).
BHP Billiton plc Company Profile
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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