BHP Billiton plc (BLT) Rating Reiterated by Liberum Capital
BHP Billiton plc (LON:BLT)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a research note issued to investors on Tuesday. They presently have a GBX 640 ($8.35) target price on the mining company’s stock. Liberum Capital’s price objective indicates a potential downside of 39.11% from the stock’s current price.
A number of other equities research analysts have also weighed in on BLT. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 880 ($11.49) target price on shares of BHP Billiton plc in a research note on Monday, May 23rd. Macquarie reissued an “underperform” rating and set a GBX 720 ($9.40) price objective on shares of BHP Billiton plc in a research note on Monday, May 23rd. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton plc in a research note on Friday, May 27th. Credit Suisse Group AG reissued 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) price objective 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 assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 978.14 ($12.77).
BHP Billiton plc (LON:BLT) opened at 1098.50 on Tuesday. 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 52-week low of GBX 571.60 and a 52-week high of GBX 1,203.50. The company’s market capitalization is GBX 58.46 billion.
In other BHP Billiton plc news, insider Frew,Anita purchased 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were bought 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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