Deutsche Bank downgraded shares of BHP Billiton (LON:BLT) to a buy rating in a report released on Tuesday morning. The brokerage currently has GBX 1,800 ($23.45) price objective on the mining company’s stock, down from their previous price objective of GBX 1,860 ($24.23).
A number of other research firms have also weighed in on BLT. HSBC reaffirmed a hold rating and set a GBX 1,740 ($22.67) price objective on shares of BHP Billiton in a research report on Friday, June 15th. Barclays upped their price objective on BHP Billiton from GBX 1,800 ($23.45) to GBX 1,850 ($24.10) and gave the stock an overweight rating in a research report on Monday, May 21st. Goldman Sachs Group set a GBX 2,000 ($26.05) price objective on BHP Billiton and gave the stock a buy rating in a research report on Wednesday, May 23rd. BNP Paribas reaffirmed a neutral rating on shares of BHP Billiton in a research report on Thursday, May 17th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of BHP Billiton in a research report on Wednesday, May 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. BHP Billiton has a consensus rating of Hold and an average price target of GBX 1,720.53 ($22.41).
BHP Billiton stock opened at GBX 1,530.40 ($19.93) on Tuesday. BHP Billiton has a twelve month low of GBX 1,103 ($14.37) and a twelve 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.
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