BHP Billiton plc (BLT) Receives “Market Perform” Rating from Sanford C. Bernstein
Sanford C. Bernstein reiterated their market perform rating on shares of BHP Billiton plc (LON:BLT) in a research note released on Thursday, MarketBeat reports. Sanford C. Bernstein currently has a GBX 790 ($11.26) price target on the mining company’s stock.
A number of other research firms also recently issued reports on BLT. Goldman Sachs set a GBX 925 ($13.18) price target on shares of BHP Billiton plc and gave the company a neutral rating in a research note on Wednesday, December 2nd. Independent Research GmbH set a GBX 700 ($9.97) price target on shares of BHP Billiton plc and gave the company a neutral rating in a research note on Tuesday. Morgan Stanley reaffirmed an overweight rating and set a GBX 1,040 ($14.82) price target on shares of BHP Billiton plc in a research note on Wednesday, January 13th. Citigroup Inc. set a GBX 1,100 ($15.67) price target on shares of BHP Billiton plc and gave the company a neutral rating in a research note on Thursday, October 22nd. Finally, Societe Generale reiterated a hold rating and set a GBX 915 ($13.04) price objective on shares of BHP Billiton plc in a research report on Thursday, November 26th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 860.23 ($12.26).
Shares of BHP Billiton plc (LON:BLT) traded down 0.47% on Thursday, reaching GBX 676.40. 14,413,043 shares of the company were exchanged. The company’s 50-day moving average is GBX 685.62 and its 200-day moving average is GBX 967.41. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,670.50. The company’s market capitalization is GBX 35.99 billion.
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas. The Company operates through segments, including Petroleum and Potash, Copper, Iron Ore and Coal. The Company’s Petroleum and Potash segment is engaged in exploration, development and production of oil and gas and potash pre-development. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (LON:BLT) coal.
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