BHP Billiton (NYSE:BHP) has been downgraded from Neutral to Sell in a statement by Citigroup earlier today.
- Updated: October 12, 2016
Citigroup has downgraded BHP Billiton (NYSE:BHP) from Neutral to Sell in a report released on Wednesday October 12, 2016.
On 09/28/2016, Vetr Inc. released a statement for BHP Billiton (NYSE:BHP) increased the target price from $0.00 to $35.05. At the time, this indicated a possible upside of 0.03%.
Showing a price of $34.98, BHP Billiton (NYSE:BHP) traded 0.09% higher on the day. The last closing price is up 18.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day average of $32.36 and a two hundred day average of $29.55. Trade Volume was down over the average, with 3,346,194 shares of BHP changing hands under the typical 3,506,410
See Chart Below
BHP Billiton has 52 week low of $18.46 and a 52 week high of $36.82 and has a market cap of $0.
Also covering BHP Billiton's price target, a total of 4 analysts have released a report on the company. The average stock price target is $27.97 with one equity analyst rating the stock a strong buy, 0 analysts rating the company a buy, four brokerages rating the stock a hold, zero brokerages rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis On BHP Billiton (NYSE:BHP)
BHP Billiton Limited 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. 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 (energy) coal. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. The Company extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. The Company manages product distribution through its global logistics chain, including freight and pipeline transportation. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.