BHP Billiton plc (BLT) Rating Lowered to Neutral at Haitong Bank
BHP Billiton plc (LON:BLT) was downgraded by Haitong Bank to a “neutral” rating in a report released on Monday. They currently have a GBX 960 ($12.53) price objective on the mining company’s stock, down from their prior price objective of GBX 1,002 ($13.08). Haitong Bank’s price objective suggests a potential downside of 7.02% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group AG lifted their price target on BHP Billiton plc from GBX 1,050 ($13.71) to GBX 1,150 ($15.01) and gave the company an “outperform” rating in a research report on Monday. RBC Capital Markets set a GBX 1,100 ($14.36) price target on BHP Billiton plc and gave the company a “neutral” rating in a research report on Thursday, September 8th. Canaccord Genuity lifted their price target on BHP Billiton plc from GBX 975 ($12.73) to GBX 990 ($12.92) and gave the company a “hold” rating in a research report on Wednesday, September 7th. Macquarie reiterated a “neutral” rating and set a GBX 1,070 ($13.97) price target on shares of BHP Billiton plc in a research report on Monday, September 5th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,230 ($16.06) price target on shares of BHP Billiton plc in a research report on Monday, September 5th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. BHP Billiton plc presently has an average rating of “Hold” and an average target price of GBX 978.14 ($12.77).
Shares of BHP Billiton plc (LON:BLT) opened at 1032.50 on Monday. The firm’s 50-day moving average price is GBX 1,019.76 and its 200 day moving average price is GBX 905.43. The firm’s market capitalization is GBX 54.95 billion. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,203.50.
In related news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were bought at an average cost of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
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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