BHP Billiton (LON:BLT) was downgraded by analysts at Morgan Stanley to an “equal weight” rating in a note issued to investors on Tuesday.
A number of other equities research analysts have also weighed in on the stock. UBS Group restated a “buy” rating and issued a GBX 2,000 ($26.05) target price on shares of BHP Billiton in a report on Wednesday, September 19th. Deutsche Bank restated a “hold” rating and issued a GBX 1,800 ($23.45) target price on shares of BHP Billiton in a report on Wednesday, September 19th. Credit Suisse Group restated a “neutral” rating on shares of BHP Billiton in a report on Tuesday, September 11th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Billiton in a research note on Monday, September 10th. Finally, Citigroup reiterated a “buy” rating on shares of BHP Billiton in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. BHP Billiton has an average rating of “Hold” and a consensus price target of GBX 1,720.53 ($22.41).
BLT opened at GBX 1,670 ($21.75) on Tuesday. BHP Billiton has a fifty-two week low of GBX 1,103 ($14.37) and a fifty-two week high of GBX 1,662.40 ($21.65).
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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