Citigroup downgraded BHP Billiton PLC (LON:BLT) to Sell in a report released today.
- Updated: October 15, 2016
Citigroup has downgraded BHP Billiton PLC (LON:BLT) to Sell in a report released on 10/13/2016.
On Monday October 10, 2016, JP Morgan Cazenove released a statement on BHP Billiton PLC (LON:BLT) bumped up the target price from 1,000.00GBX to 1,090.00GBX that suggested a downside of -0.12%.
Boasting a price of 1,245.00GBX, BHP Billiton PLC (LON:BLT) traded 2.07% higher on the day. With the last close up 27.59% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. BHP Billiton PLC has recorded a 50-day average of 1,087.19GBX and a two hundred day average of 947.20GBX. Volume of trade was up over the average, with 10,271,305 shares of BLT changing hands over the typical 9,112,130
With a total market value of 0 GBX, BHP Billiton PLC has with a one year low of 571.60GBX and a one year high of 1,279.50GBX .
A total of 23 analysts have released a research note on BLT. Three analysts rating the company a strong buy, four analysts rating the company a buy, sixteen analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a one year target of 11.79GBX.
More About BHP Billiton PLC (LON:BLT)
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. 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. It extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. It sells its products through direct supply agreements with its customers and on global commodity exchanges.
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.