Citigroup Reiterates Neutral Rating for BHP Billiton PLC (LON:BLT) stock. What’s the Best Move for Investors?


BHP Billiton PLC (LON:BLT) Rating Reaffirmed

This Morning, Citigroup has decided to reaffirm their Neutral rating on BHP Billiton PLC (LON:BLT) shares in a comprehensive report issued to investors and clients.

From a total of 25 analysts covering BHP Billiton PLC (LON:BLT) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 16 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 27.9 while the lowest target price is GBX 11.31. The mean of all analyst targets is GBX 16.72 with a 44.16% above today’s (GBX 788.5) stock price. BHP Billiton PLC was the topic of 132 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 4 with “Equal Weight” rating. Macquarie Research maintained shares with “Outperform” rating and GBX 1250 target share price in a report from a November 30. Deutsche Bank maintained BLT stock in a recent report from December 3 with “Hold” rating. Bernstein maintained the rating on November 30. Bernstein has a “Market Perform” rating and a GBX 1850 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 30.

Approximately 278,302 shares of stock traded hands. BHP Billiton plc (LON:BLT) has declined 45.11% since May 7, 2015 and is downtrending. It has underperformed by 42.32% the S&P500.

Citigroup Reiterates Neutral Rating for BHP Billiton PLC (LON:BLT) stock. What’s the Best Move for Investors?

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 gas and oil. The company has a market cap of 44.65 billion GBP. The Firm operates through divisions, including Petroleum and Potash, Copper, Iron Ore and Coal. It has 18.61 P/E ratio. The Company’s Petroleum and Potash segment is engaged in exploration, development and production of gas and oil and potash pre-development.

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