BHP Billiton plc (LON:BLT)’s share price dropped 0% during trading on Monday . The company traded as low as GBX 1,390 ($18.53) and last traded at GBX 1,392.50 ($18.56). Approximately 6,888,862 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 7,700,000 shares. The stock had previously closed at GBX 1,392.50 ($18.56).
BLT has been the topic of a number of research reports. Jefferies Group LLC raised their target price on shares of BHP Billiton from GBX 1,450 ($19.33) to GBX 1,500 ($20.00) and gave the company a “hold” rating in a research note on Thursday, August 31st. Deutsche Bank AG raised their price target on shares of BHP Billiton from GBX 1,600 ($21.33) to GBX 1,650 ($22.00) and gave the company a “buy” rating in a report on Friday, October 13th. Macquarie reaffirmed an “outperform” rating and set a GBX 1,570 ($20.93) price target on shares of BHP Billiton in a report on Tuesday, August 29th. J P Morgan Chase & Co raised their price target on shares of BHP Billiton from GBX 1,190 ($15.86) to GBX 1,235 ($16.46) and gave the company an “underweight” rating in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada lowered shares of BHP Billiton to an “underperform” rating and lowered their price target for the company from GBX 1,375 ($18.33) to GBX 1,325 ($17.66) in a report on Thursday, August 31st. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,362.23 ($18.16).
About BHP Billiton
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.
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