BHP Billiton plc (BLT) Cut to Sell at Citigroup Inc.
A number of other brokerages have also weighed in on BLT. JPMorgan Chase & Co. boosted their target price on shares of BHP Billiton plc from GBX 1,000 ($12.19) to GBX 1,090 ($13.28) and gave the company a underweight rating in a research note on Monday, October 10th. Barclays PLC reiterated an equal weight rating and set a GBX 990 ($12.07) target price on shares of BHP Billiton plc in a research note on Thursday, October 6th. Royal Bank Of Canada reiterated a sector performer rating on shares of BHP Billiton plc in a research note on Thursday, October 6th. Deutsche Bank AG set a GBX 1,280 ($15.60) price objective on shares of BHP Billiton plc and gave the company a neutral rating in a research report on Thursday, October 6th. Finally, BNP Paribas reissued a neutral rating and set a GBX 1,060 ($12.92) price objective on shares of BHP Billiton plc in a research report on Thursday, October 6th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 995.74 ($12.14).
Shares of BHP Billiton plc (LON:BLT) opened at 1193.50 on Thursday. The company’s 50 day moving average price is GBX 1,091.46 and its 200-day moving average price is GBX 952.55. The stock’s market capitalization is GBX 63.52 billion. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,279.50.
In other news, insider Frew,Anita bought 4,500 shares of the stock in a transaction on Tuesday, September 6th. The stock was bought at an average cost 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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