Royal Bank Of Canada Lowers BHP Billiton plc (BLT) Price Target to GBX 1,375
BHP Billiton plc (LON:BLT) had its target price reduced by Royal Bank Of Canada from GBX 1,500 ($19.54) to GBX 1,375 ($17.91) in a research report sent to investors on Wednesday morning. They currently have a sector perform rating on the mining company’s stock.
A number of other research firms have also issued reports on BLT. Investec restated a buy rating and issued a GBX 1,480 ($19.28) price target on shares of BHP Billiton plc in a research report on Wednesday, May 17th. Macquarie restated an outperform rating on shares of BHP Billiton plc in a research report on Thursday, July 6th. J P Morgan Chase & Co restated an underweight rating and issued a GBX 1,155 ($15.05) price target on shares of BHP Billiton plc in a research report on Tuesday, June 27th. Jefferies Group LLC lowered BHP Billiton plc to a hold rating and dropped their price target for the company from GBX 1,500 ($19.54) to GBX 1,250 ($16.28) in a research report on Thursday, June 8th. Finally, UBS AG set a GBX 1,375 ($17.91) price target on BHP Billiton plc and gave the company a buy rating in a research report on Thursday, July 6th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. BHP Billiton plc currently has a consensus rating of Hold and an average price target of GBX 1,303.41 ($16.98).
BHP Billiton plc (BLT) opened at 1364.00 on Wednesday. The stock has a 50 day moving average price of GBX 1,238.32 and a 200-day moving average price of GBX 1,277.37. BHP Billiton plc has a one year low of GBX 929.70 and a one year high of GBX 1,518.50. The stock’s market cap is GBX 72.59 billion.
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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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