BHP Billiton plc (BLT) Rating Reiterated by JPMorgan Chase & Co.
BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They currently have a GBX 1,000 ($13.05) price target on the mining company’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 18.86% from the company’s current price.
Several other brokerages have also recently issued reports on BLT. Beaufort Securities reissued a “hold” rating on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Macquarie reissued a “neutral” rating and issued a GBX 1,070 ($13.97) target price on shares of BHP Billiton plc in a research report on Tuesday, August 23rd. Morgan Stanley set a GBX 1,080 ($14.10) price objective on BHP Billiton plc and gave the company a “buy” rating in a research report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 1,050 ($13.71) price objective on shares of BHP Billiton plc in a research report on Thursday, June 16th. Finally, Jefferies Group lifted their price objective on BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the company a “hold” rating in a research report on Thursday, July 7th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. BHP Billiton plc currently has an average rating of “Hold” and an average target price of GBX 973.89 ($12.71).
Shares of BHP Billiton plc (LON:BLT) opened at 1235.6139 on Thursday. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,255.00. The firm has a 50-day moving average price of GBX 1,063.91 and a 200 day moving average price of GBX 932.42. The stock’s market cap is GBX 65.76 billion.
In related news, insider Frew,Anita purchased 4,500 shares of BHP Billiton plc stock in a transaction dated Tuesday, September 6th. The stock was 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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