Credit Suisse Group Reaffirms “Neutral” Rating for BHP Billiton (LON:BLT)

BHP Billiton (LON:BLT)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse Group in a research note issued on Tuesday, September 11th.

Several other research analysts also recently weighed in on the stock. Deutsche Bank downgraded shares of BHP Billiton to a “buy” rating and dropped their target price for the stock from GBX 1,860 ($24.23) to GBX 1,800 ($23.45) in a report on Tuesday, September 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BHP Billiton in a report on Monday, September 10th. Citigroup reaffirmed a “buy” rating on shares of BHP Billiton in a report on Friday, August 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a GBX 1,800 ($23.45) target price on shares of BHP Billiton in a report on Thursday, August 23rd. Finally, HSBC dropped their target price on shares of BHP Billiton from GBX 1,860 ($24.23) to GBX 1,780 ($23.19) and set a “hold” rating for the company in a report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,721.71 ($22.43).

Shares of BLT stock traded down GBX 66.40 ($0.86) during mid-day trading on Tuesday, reaching GBX 1,635.60 ($21.31). 8,157,556 shares of the company’s stock traded hands, compared to its average volume of 9,690,000. BHP Billiton has a 12 month low of GBX 1,103 ($14.37) and a 12 month high of GBX 1,662.40 ($21.65).

About BHP Billiton

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.

Further Reading: Understanding Relative Strength Index

Analyst Recommendations for BHP Billiton (LON:BLT)

Receive News & Ratings for BHP Billiton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton and related companies with's FREE daily email newsletter.

Leave a Reply