BHP Billiton plc (BLT) Price Target Cut to GBX 990 by Analysts at Barclays PLC
BHP Billiton plc (LON:BLT) had its target price reduced by Barclays PLC from GBX 1,135 ($14.82) to GBX 990 ($12.92) in a research note issued to investors on Wednesday morning. They currently have an equal weight rating on the mining company’s stock.
Other analysts have also issued reports about the stock. Jefferies Group upped their target price on shares of BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the stock a hold rating in a research note on Thursday, July 7th. BNP Paribas restated a neutral rating and set a GBX 850 ($11.10) target price on shares of BHP Billiton plc in a research note on Monday, June 13th. Morgan Stanley set a GBX 1,080 ($14.10) target price on shares of BHP Billiton plc and gave the stock a buy rating in a research note on Wednesday, June 29th. Haitong Bank lowered shares of BHP Billiton plc to a neutral rating and cut their target price for the stock from GBX 1,002 ($13.08) to GBX 960 ($12.53) in a research note on Monday. Finally, Deutsche Bank AG cut their target price on shares of BHP Billiton plc from GBX 1,250 ($16.32) to GBX 1,240 ($16.19) and set a hold rating on the stock in a research note on Sunday, July 17th. Four equities 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 stock. BHP Billiton plc currently has an average rating of Hold and a consensus target price of GBX 978.14 ($12.77).
BHP Billiton plc (LON:BLT) opened at 1106.50 on Wednesday. The stock’s market capitalization is GBX 58.89 billion. The stock’s 50 day moving average is GBX 1,020.53 and its 200 day moving average is GBX 905.49. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,203.50.
In other BHP Billiton plc news, insider Frew,Anita purchased 4,500 shares of the firm’s stock in a transaction 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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