BHP Billiton (LON:BLT) was downgraded by investment analysts at Citigroup to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a GBX 1,550 ($21.41) price objective on the mining company’s stock. Citigroup’s price objective points to a potential upside of 2.58% from the stock’s current price.
Other research analysts have also issued reports about the stock. Credit Suisse Group restated a “neutral” rating and set a GBX 1,430 ($19.76) price target on shares of BHP Billiton in a research report on Thursday, February 15th. Macquarie restated an “outperform” rating and set a GBX 1,600 ($22.11) price target on shares of BHP Billiton in a research report on Thursday, November 16th. Barclays boosted their price target on shares of BHP Billiton from GBX 1,300 ($17.96) to GBX 1,375 ($19.00) and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Liberum Capital restated a “sell” rating and set a GBX 800 ($11.05) price target on shares of BHP Billiton in a research report on Tuesday. Finally, Jefferies Group restated a “hold” rating and set a GBX 1,500 ($20.72) price target on shares of BHP Billiton in a research report on Monday, December 4th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. BHP Billiton has an average rating of “Hold” and a consensus price target of GBX 1,443.11 ($19.94).
BHP Billiton (BLT) opened at GBX 1,511 ($20.88) on Wednesday. The company has a market cap of $85,700.00 and a price-to-earnings ratio of 1,717.05. BHP Billiton has a 1 year low of GBX 1,103 ($15.24) and a 1 year high of GBX 1,662.40 ($22.97).
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About BHP Billiton
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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