BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a GBX 1,000 ($13.05) price target on the mining company’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 18.86% from the company’s previous close.
Several other brokerages have also recently commented on BLT. Beaufort Securities reissued a “hold” rating on shares of BHP Billiton plc in a report on Wednesday, June 22nd. Macquarie reissued a “neutral” rating and set a GBX 1,070 ($13.97) target price on shares of BHP Billiton plc in a report on Tuesday, August 23rd. Morgan Stanley set a GBX 1,080 ($14.10) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, June 29th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,050 ($13.71) target price on shares of BHP Billiton plc in a report on Thursday, June 16th. Finally, Jefferies Group boosted their target price on BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the stock a “hold” rating in a report on Thursday, July 7th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 983.75 ($12.84).
Shares of BHP Billiton plc (LON:BLT) traded up 2.54% on Thursday, hitting GBX 1232.50. The company’s stock had a trading volume of 8,947,122 shares. The company’s market cap is GBX 65.60 billion. The stock’s 50 day moving average is GBX 1,063.91 and its 200-day moving average is GBX 932.42. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,255.00.
In other news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were purchased at an average cost of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).