BHP Billiton plc (BLT) Downgraded by Haitong Bank
Haitong Bank lowered shares of BHP Billiton plc (LON:BLT) to a neutral rating in a report issued on Monday. Haitong Bank currently has GBX 960 ($12.53) price target on the mining company’s stock, down from their prior price target of GBX 1,002 ($13.08).
A number of other analysts have also issued reports on BLT. Deutsche Bank AG reiterated a hold rating and set a GBX 880 ($11.49) price target on shares of BHP Billiton plc in a research note on Monday, May 23rd. Macquarie restated an underperform rating and set a GBX 720 ($9.40) target price on shares of BHP Billiton plc in a research note on Monday, May 23rd. Citigroup Inc. restated a neutral rating on shares of BHP Billiton plc in a research note on Friday, May 27th. Credit Suisse Group AG restated an outperform rating on shares of BHP Billiton plc in a research note on Friday, May 27th. Finally, Morgan Stanley set a GBX 950 ($12.40) target price on shares of BHP Billiton plc and gave the stock a buy rating in a research note on Thursday, June 9th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 978.14 ($12.77).
BHP Billiton plc (LON:BLT) opened at 1098.50 on Monday. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,203.50. The firm’s 50-day moving average is GBX 1,020.53 and its 200-day moving average is GBX 905.49. The stock’s market capitalization is GBX 58.46 billion.
In related news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were 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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