BHP Billiton plc (BLT) Given Average Rating of “Hold” by Brokerages
BHP Billiton plc (LON:BLT) has been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,817.50 ($23.75).
BLT has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of BHP Billiton from GBX 1,945 ($25.41) to GBX 1,910 ($24.96) and set a “neutral” rating for the company in a research report on Thursday, August 23rd. UBS Group reaffirmed a “buy” rating on shares of BHP Billiton in a research note on Wednesday, October 10th. HSBC upped their price objective on shares of BHP Billiton from GBX 1,720 ($22.47) to GBX 1,750 ($22.87) and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Deutsche Bank cut shares of BHP Billiton to a “buy” rating and decreased their price objective for the stock from GBX 1,860 ($24.30) to GBX 1,800 ($23.52) in a research note on Tuesday, September 11th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 1,300 ($16.99) price objective on shares of BHP Billiton in a research note on Thursday, August 16th.
LON:BLT traded up GBX 24.40 ($0.32) during mid-day trading on Friday, hitting GBX 1,606.80 ($21.00). The company’s stock had a trading volume of 7,879,656 shares, compared to its average volume of 9,690,000. BHP Billiton has a fifty-two week low of GBX 1,103 ($14.41) and a fifty-two week high of GBX 1,662.40 ($21.72).
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, energy coal, and oil and gas.
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