Royal Bank Of Canada Downgrades BHP Billiton plc (BLT) to Underperform
BHP Billiton plc (LON:BLT) was downgraded by investment analysts at Royal Bank Of Canada to an “underperform” rating in a report released on Thursday. They currently have a GBX 1,325 ($17.14) price objective on the mining company’s stock, down from their prior price objective of GBX 1,375 ($17.78). Royal Bank Of Canada’s price target suggests a potential downside of 10.71% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Liberum Capital reaffirmed a “sell” rating and set a GBX 800 ($10.35) price objective on shares of BHP Billiton plc in a research note on Wednesday, May 10th. UBS AG set a GBX 1,400 ($18.11) price objective on shares of BHP Billiton plc and gave the company a “neutral” rating in a research note on Saturday, May 20th. Macquarie set a GBX 1,460 ($18.88) price objective on shares of BHP Billiton plc and gave the company a “buy” rating in a research note on Wednesday, June 21st. Independent Research GmbH set a GBX 1,350 ($17.46) price objective on shares of BHP Billiton plc and gave the company a “neutral” rating in a research note on Thursday, July 20th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 1,320 ($17.07) price objective on shares of BHP Billiton plc in a research note on Friday, August 18th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,320.68 ($17.08).
BHP Billiton plc (LON BLT) opened at 1484.00 on Thursday. The stock’s market cap is GBX 79.01 billion. The company has a 50-day moving average price of GBX 1,369.92 and a 200 day moving average price of GBX 1,272.75. BHP Billiton plc has a 52-week low of GBX 960.10 and a 52-week high of GBX 1,518.50.
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About BHP Billiton plc
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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