BHP Billiton (LON: BLT) had its target price cut by Goldman Sachs Group Inc. from GBX 2,150 ($31.97) to GBX 2,050 ($30.48) in a report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a neutral rating on the stock.
Goldman Sachs Group Inc. has also updated their ratings on a number of other stocks in the last week. The firm upgraded shares of Alcatel Lucent from a sell rating to a neutral rating. Also, Goldman Sachs Group Inc. upgraded shares of Veolia Environnement from a neutral rating to a buy rating. Finally, Goldman Sachs Group Inc. upgraded shares of James Hardie Industries SE from a neutral rating to a buy rating.
BHP Billiton (LON: BLT) remained flat at GBX 1800.00 during trading on Wednesday. BHP Billiton has a 52-week low of GBX 1644.00 and a 52-week high of GBX 2251.50. The stock’s 50-day moving average is currently GBX 1926.. The company’s market cap is £95.778 billion.
A number of other analysts have also recently weighed in on BLT. Analysts at Investec raised their price target on shares of BHP Billiton from GBX 1,919 ($28.54) to GBX 1,926 ($28.64) in a research note to investors on Friday, July 5th. They now have a buy rating on the stock. Separately, analysts at Bank of America Corp. reiterated a buy rating on shares of BHP Billiton in a research note to investors on Thursday, July 4th. They now have a GBX 2,200 ($32.71) price target on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of BHP Billiton in a research note to investors on Tuesday, July 2nd. They now have a GBX 2,300 ($34.20) price target on the stock.
Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. BHP Billiton presently has an average rating of Buy and an average target price of GBX 2,147.62 ($31.93).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON: BLT).