BHP Billiton (BLT) Downgraded by Morgan Stanley
BLT has been the topic of a number of other reports. HSBC restated a hold rating and set a GBX 1,740 ($22.67) target price on shares of BHP Billiton in a research report on Friday, June 15th. Deutsche Bank reiterated a buy rating on shares of BHP Billiton in a research report on Thursday, July 19th. Credit Suisse Group reiterated a neutral rating on shares of BHP Billiton in a research report on Wednesday, September 5th. Liberum Capital reiterated a sell rating and issued a GBX 1,300 ($16.93) price objective on shares of BHP Billiton in a research report on Friday, July 27th. Finally, UBS Group reiterated a buy rating and issued a GBX 2,000 ($26.05) price objective on shares of BHP Billiton in a research report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 1,720.53 ($22.41).
Shares of BLT opened at GBX 1,670 ($21.75) on Tuesday. BHP Billiton has a 12-month low of GBX 1,103 ($14.37) and a 12-month high of GBX 1,662.40 ($21.65).
BHP Billiton Company Profile
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, thermal energy coal, and oil and gas properties.
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