BHP Billiton plc (LON:BLT) was downgraded by equities research analysts at Citigroup Inc. to a “sell” rating in a report released on Thursday.
Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on BHP Billiton plc from GBX 1,000 ($12.38) to GBX 1,090 ($13.49) and gave the stock a ” underweight” rating in a report on Monday, October 10th. Deutsche Bank AG set a GBX 1,280 ($15.84) price objective on BHP Billiton plc and gave the stock a “neutral” rating in a report on Thursday, October 6th. BNP Paribas restated a “neutral” rating and set a GBX 1,060 ($13.12) price objective on shares of BHP Billiton plc in a report on Thursday, October 6th. Barclays PLC restated an “equal weight” rating and set a GBX 990 ($12.25) price objective on shares of BHP Billiton plc in a report on Thursday, October 6th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,150 ($14.23) price objective on shares of BHP Billiton plc in a report on Thursday, October 6th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 995.74 ($12.32).
BHP Billiton plc (LON:BLT) opened at 1210.00 on Thursday. The company’s 50-day moving average price is GBX 1,087.19 and its 200 day moving average price is GBX 947.20. The firm’s market capitalization is GBX 64.40 billion. BHP Billiton plc has a 1-year low of GBX 571.60 and a 1-year high of GBX 1,279.50.
In other BHP Billiton plc news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were bought at an average price of GBX 998 ($12.35) per share, with a total value of £44,910 ($55,581.68).